AND YOU KNOW THIS… BALLING! Or not? More details inside!
The Harlem rapper has made headlines quite frequently since Tekashi 6ix9ine testified that he was a member of the Nine Trey Bloods and referred to him as a retired rapper. Unfortunately for Jones, this time it’s about one of his homes. Apparently his five-bedroom, three-bathroom home has been a small burden for over a decade. In 2006 the Harlem rapper took out a $680,000 mortgage for the crib and agreed to make monthly payments of $4,467, with a 6.875 percent interest rate. However, he stopped making payments in 2010 and was sued as a result by the U.S. National Bank Association, as per Bossip. The thing that has everyone talking is that the house was only sold for a hundred dollars. The home is valued for $742,000, but Jim Jones still has to pay the $1,240,017 balance. Does this explain why Jimmy will be returning back to the Love and Hip-hop franchise?
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