Company Wants To Seize Wyclef's Assets Over $500,000 House
(AllHipHop News) Wyclef Jean has been ordered to pay almost $500,000 for allegedly failing to pay up in a legal battle over his foreclosed Florida property.
The former Fugees star bought the Miami Beach mansion in 2004, taking out a $2 million mortgage through a company he owns with several friends.
However, the property was left unfinished following a string of legal problems with the construction, and in 2008, he was sued for defaulting on the mortgage.
A judge ordered it to be sold off at a foreclosure auction and hit Wyclef with a judgment of $2.4 million.
The mansion was sold to a third party for $1.6 million, which left a total of $824,000 to be paid by the "Perfect Gentleman" hitmaker.
He formed a deal with The Cruz Family Irrevocable Trust, a plaintiff in the lawsuit, and agreed to pay them $350,000 in monthly installments until it was paid off in 2015.
However, representatives for The Cruz Family Irrevocable Trust have claimed in court documents that the 48-year-old never made a single payment and a judge ordered the singer, his company and his cousin/producer Jerry 'Wonda' Duplessis, to pay the entire $350,000 judgment as well as interest - bringing the total to $485,000.
Officials at The Cruz Family Irrevocable Trust have filed documents in New Jersey to start the process of seizing Wyclef's assets to collect the money they are allegedly owed.