Lil Kim’s House Heads Into Foreclosure
by Mike Winslow
(AllHipHop News) Rapper Lil’ Kim is reportedly facing foreclosure after failing to agree terms with bank officials over her mortgage payments.
Bosses at HSBC Bank sued the “Crush on You” hitmaker in 2010 after she reportedly stopped paying the $10,000-a-month mortgage on her home in Alpine, New Jersey in 2009.
According to reports, bank executives subsequently brokered a deal with with the rapper for a $1.5 million mortgage that was to be paid in monthly payments of $9,935 .
However, Lil’ Kim reportedly stopped making those payments too.
The rapper was reportedly working with bank officials to come to another agreement, but she stopped responding to the lawsuit earlier this year, and on May 4, the judge overseeing the case reportedly ordered the home to foreclosure.
As of January, Lil Kim reportedly owed $1.9 million in mortgage payments, interest, and taxes.