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Monday, May 16, 2016

Lil Kim's $3 Million Mansion In Foreclosure
  This past week hasn't been the best for female rap stars who dominated the 90s. First Foxy Brown claims she was swindled out of $100,000 worth of precious stones (among other items she dubbed "Fox Vintage") and now Lil Kim is facing the possibility of losing her longtime $3 million mansion for failure to pay.
Bossip reports that the Queen Bee's massive Bergen County, NJ property is close to being surrendered to HSBC Bank as part of the foreclosure process. HSBC is currently demanding full possession of the mansion, as well as all their court costs paid on top of other damages to boot. Unless a resolution is met, the home will be auctioned off at a sheriff's sale.
Court documents specify that the 41-year-old rapper born Kimberly Jones purchased the lavish pad in the 2002 and agreed to pay $9,935 but was sued in 2010 when the payments slowly began to come to a halt. Kim and her legal counsel are due back in with HSBC and its arbitrators next month after the initial negotiations in March failed to reach an agreement.

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