The Dipset rapper and his life partner, Chrissy Lampkin, recently had their New Jersey mansion foreclosed on and sold at auction for just $100.
According to Bossip, the U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage and alleged further that they had been in arrears since 2010. When the couple bought the home in 2006, they took out a $680,000 mortgage with a 6.875 percent interest rate. This left them with a monthly payment of $4,467 but they evidently fell behind.
Last year, Jim Jones and Chrissy cut a deal with the bank to get caught up with the payments and to keep the house from going into foreclosure. Apparently, they did not stick to the new payment terms and the bank took action against them by filing a lawsuit. According to reports, they didn’t respond to the case, and received instead a default judgment.
Despite this, Jim Jones is still focused on making music. In May, the rapper dropped his “El Chapo” album. The project was done in collaboration with The Heatmakerz and received a lot of positive feedback. Jones is looking to build on El Chapo’s success by dropping a video for the album’s latest single, “Make No Issues Of It,” directed by Shula The Don and Jones.