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Jermaine Dupri

Barely Rescues Mansion

From Foreclosure

9/8/2012 2:00 PM PDT BY TMZ STAFF
EXCLUSIVE

0907_jermaine_dupri
Jermaine Dupri
's giant Atlanta home is safe ... for now -- because the music producer successfully rescued the place from foreclosure auction this week, after allegedly failing to pay $193,000 in mortgage debt.

Dupri's home was scheduled for auction September 4th -- after Dupri's bank claimed the rapper failed missed $193,404 in payments on his mortgage.

0906_jermaines_home
Dupri filed an emergency motion in response, asking the court to block the auction, claiming he only owed $89,901 ... and he paid the bill in full by the time he filed the motion.

The house was yanked from the auction at the last minute.

Dupri’s lawyer, James Kane, tells TMZ, "There was no foreclosure sale of the property ... We are presently working with the lender to reconcile our disagreement over the [mortgage amount due]."

66 COMMENTS

No Avatar
31.

Rooster    

what happen to money ain't a thing? I bet it mean something to him NOW....

673 days ago
32.

tab58064    

Man just get yourself a 300k-500k house and stop trying to hold on to something that you will eventually lose. Your damn house should've been paid for a long time ago with all of those hit records, hit artists, production checks, etc. that you've made! Now that the money's slowed it's time to down-size bro.! To hell with pride, because you look worse with this every year your financial business is exposed. Just cut it out!!

672 days ago
33.

Versability    

Remember the term Force-Placed Insurance, as it is the leading cause of foreclosures since 1994. False placement of illegally and artificially inflated premiums have been proven to create a negative escrow account, which leads to increased mortgage payments, blocked tax payments, and denial of a loan modification.

Read chapter 2 of my firsthand account as a bank whistleblower uncovering the largest bank fraud in history here: http://thoughtforyourpenny.blogspot.com/2012/07/the-boy-who-cried-force-placed.html

672 days ago
34.

lol    

In a Ferari and Jaguar switchin four lanes, top down screaming out, "foreclosure ain't a thang!"

668 days ago
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