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Bank Seizes Jermaine Dupri's Mansion

12/12/2014
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(Radio.com) The mortgage crisis isn't something you hear about as much these days (we have so many other crises), but that doesn't mean bank foreclosures have gone away. The latest to lose their home, albeit a super expensive home, is rap mogul Jermaine Dupri.

The bank has seized the 9,441-square-foot mansion in Atlanta, valued at some 3.7 million dollars. Dupri reportedly owes 2.5 million on the estate, and is unable to make his monthly payments. (via Atlanta Journal-Constitution)

Foreclosure proceedings were started in 2011, but a planned auction in May of that year was canceled. Dupri's Mount Paran home was advertised for foreclosure again in December 2012, but it failed to sell.

Read more here.

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