May 07, 2011. We've been hearing for a MINUTE that Jermaine Dupri is BROKE. Well now the ISH has hit the fan. According to local ATLANTA NEWS . . . his house is in FORECLOSURE. Here's what is being reported:
Channel 2 Action News has learned that Jermaine Dupri's mansion on Mount Paran Road in northwest Atlanta was in foreclosure and set to be auctioned on the courthouse steps last week, but the sale was canceled at the last minute.
The law firm handling the foreclosure would not say why the sale was stopped.
Suntrust Bank had started foreclosure on an original loan amount of more than $2.5 million.
According to records Channel 2 obtained from the Georgia Department of Revenue, Jermaine Dupri Mauldin owes the state $493,768.75 in back taxes for 2007.
Channel 2's Tom Regan spoke with Fayette County Tax Commissioner George Wingo. Wingo sent Regan documents showing Dupri owes $14,024.67 in unpaid property taxes, fees and penalties in connection with another home Dupri owns.
Anyone looking to pic up a GAWDY ATLANTA MANSION at a discount . . .
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