Another day another celebrity foreclosure. Singing star Wyclef Jean, former member of the Fugees and an independent artist, has had his Miami home foreclosed upon. The home, under construction, has a 2.4 million loan due to Home Equity Mortgage Corp.
With the economic downturn, banks and lenders are not cutting any slack. Even celebrities which lenders in the past would give some leeway to are now being held to a higher standard.
The $2.4 million waterfront mansion on Pine Tree Drive is now owned by a bank. The house is scheduled to be sold at the Miami-Dade Courthouse next month, along with a handful of liens by the construction crews, who never finished, and more than $100 thousand in unpaid taxes.
Neighbors were surprised by the news. “I really think he’s a great musician and he’s come a long way and gone through a lot in terms of his history and his life,” said neighbor Sara Poses. “I don’t know what the circumstances are but I feel bad for him.” via cbs4.com
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Is this real you saying about him… its shocking man..!!
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I can't wait until the worthless P. Diddy files for bankruptcy then gets a tattoo that says "Looser"
hater bitch
This housing crisis spares no one, not even celebrities.
There are signs of recovery in Miami housing market. Hopefully by 2010 Miami will be on its feet again.
That's a shame, that man is seriously talented. If your interested in beautiful looking properties like Wyclef, please contact Catherine Rodstein and start looking at Miami beach homes today.
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