Nas' Foreclosure Home Sold At Auction
According to official records, Nas purchased the 2-bedroom, 3-bath pad back in 2004 for $585,000 ... but according to SunTrust bank (which issued him the loan) ... Nas couldn't foot the bill and defaulted on the payments, still owing $507,000.
SunTrust recently foreclosed on the property and then sold it to the highest bidder at public auction last month for $348,500 ... WAY LESS than the rapper paid eight years ago.
It's a steal for the new owner -- the house is over 3,500 square feet with a walk-in pool and hot tub ... granite counter-tops ... custom theater ... gym and game room. more on this story
TMZ submitted this story.