TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Soul Singer Keith Sweat

Screwed Over TWICE

By Nasty Foreclosure

3/19/2012 3:00 AM PDT BY TMZ STAFF

0320_keith_sweat_ex
R&B singer Keith Sweat is singing the foreclosure blues ... because even after the bank took his house and sold it ... he's still on the hook for $250,000 -- this according to a new lawsuit.

PMI Mortgage filed the lawsuit against Sweat in Georgia -- claiming the singer defaulted on a $450,000 mortgage on his Detroit home, which he purchased in 2004.

Problem is -- the house was drowning underwater ... so when the bank sold it, it only recouped $200,000 ... a fraction of its losses.

PMI Mortgage sued Sweat for the balance -- $253,000 -- and since Keith failed to respond, a judge ruled in PMI's favor. PMI has since sought a lien on Keith's Georgia property in a last ditch effort to get its money.

Calls to Mr. Sweat were not returned.

0728_cool_celebrity_cribs_footer_v2

20 COMMENTS

No Avatar
1.

DubstepDistribution    

What an idiot I thought he did well back in the day...gues not. Would you watch him at a las vegas casino? http://www.vegasresidency.tk would have tickets for him

898 days ago
2.

tomcruiseisNUTs    

WHO CAN LOVE YOU,LIKE ME???...........F O R E C L O S E R!!!

898 days ago
3.

skylar74    

Not sure who that is in the picture above but it's NOT Keith Sweat!!!

898 days ago
4.

Mumra the Ever Living    

First> Who is this loser, TMZ? Why should we care?
Second> Doesn't he bother to read his mail? Don't these clowns have lawyers or financial advisers who will tell them that if they don't show up to these proceedings, the judge will kick their a$$ into bankruptcy?
Third> Can't any of these people think past the moment they are living in? Haven't they ever heard of banks or stocks or bonds? Don't they see it happening to other performers?
>> This guy is a stone loser. Why are you wasting our time on him.

898 days ago
5.

Robin Logan    

SORRY, THE PIC IS NOT KEITH SWEAT. GET YOUR FACTS STRAIGHT!!!!!!!!!!!!!

898 days ago
6.

KicksandGiggles    

He is always begging for kitty so now he needs to beg for $$$. No sympathy for foreclosures on celebrities.

898 days ago
7.

Kanika     

ok TMZ get it togather because that is not keith sweat pic, i know yall think all black people look alike

898 days ago
8.

K.G.    

Umm that is not Keith Sweat!

898 days ago
9.

AADiva    

He was in concert this weekend in my state. He's been on a tour, probably trying to work on his debt. Either way, he put on a good show. I love me some K. Sweat!!

898 days ago
10.

Gloria    

I purchases a Keith Sweat CD yesterday for $5.00 at the Walmart with back in the day songs. Maybe that will help the cause.

897 days ago
11.

peachpie    

no one is immuned. the banks rode everybody hard. and put us away wet.

897 days ago
12.

Malkam Dior    

Owning a home is bad business.....I guess no-one really owns anything...No matter how much you pay off your morgage there will always be property taxes that can allow you to loose your home.

897 days ago
13.

patty    

ok that doesn't sound right - if the bank forecloses and sells the house they take that loss and write it off - if keith had a second mortgage, then yes that is not forgiven in a foreclosure and all the banks are suing ppl for their second mortgage - not just him, but who does not respond in court to a $250,00 lawsuit, because if you don't they win automatically - that is dumb!

897 days ago
14.

keylolo1975    

Who is this guy? Definetly not Keith Sweat....

897 days ago
15.

Malkam Dior    

Owning a home is bad business.....I guess no-one really owns anything...No matter how much you pay off your morgage there will always be property taxes that can allow you to loose your home.

__________

897 days ago
| 1 | 2 | Most Recent | Next 15 Comments

Around The Web