Home URBAN In Riches to Rags News: Nas’ Georgia Home Sold at Public Auction

In Riches to Rags News: Nas’ Georgia Home Sold at Public Auction

 width=It seems we always hear these stories about rappers, actors, etc owing back taxes and losing cars, homes, etc.  Well here we go again.   has lost his half-million dollar in .

Reports are coming out that Nas’ two-bedroom, three-bathroom mansion that was purchased in 2004, was recently foreclosed upon.  According to records, Nas defaulted on a $585,000 loan that was taken out at the time of purchase.
Suntrust bank, which issued the loan, recently foreclosed on the .  The mansion was sold at a public auction for $348,500. What do these entertainers need to do to keep up with their finances?

CEO of RF Focus, Radio and Music Industry Veteran. Radio DJ, Programmer, Musician and Voice Talent. Graduated from Performing Arts in Buffalo, N.Y. and worked at the legendary KKBT (92.3 The Beat) during its nationwide heyday in the early 90s. Also worked for Stevie Wonder at KJLH.

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