Things are not doing so well for Jermaine Dupri. The producer, singer, songwriter and performer had his home finally foreclosed upon according to the Atlanta Journal Constitution. He owed nearly $2.5 million on the 9,441-square-foot home, but was unable to make mortgage payments on the property that is valued at $3.7 million.
"The debt secured by said Deed to Secure Debt has been and is hereby declared due because of, among other possible events of default, non-payment of the monthly installments on said loan," the legal notice states. "The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale, including attorney's fees (notice of intent to collect attorney's fees having been given)."
According to property records, the home had 6 bedrooms and 9 bathrooms.
This is not Dupri's first brush foreclosure on his Atlanta property. According to The Jasmine Brand, he rescued his home from foreclosure auctions twice in four months in 2013. He was able to get a stay on a series of back payments worth $200,000 by claiming the bill was inaccurate and the second time he got the judge to cancel the auction after Dupri claimed the bank has falsified the amount of money he owed on the house.
This time, he was unable to keep up the fight any longer and the bank finally took the house from him.
Jermaine Dupri has been out of the music spotlight for some time now. His last album Instructions was released in 2001 and has done very little work as a solo artist since then. He has credits as a producer and songwriter, but in the past 5 years he has been largely silent publicly. He has built a strong working relationship with Mariah Carey over the past 20 years, but the two split as artist manager pair back in August after a poor album release.
