Nas – Georgia Foreclosed And Auctioned By Bank

Nas' Georgia HouseSuntrust bank has foreclosed and auctioned off Nas’ 3,500 square foot house in Georgia.

His latest album, the triumphant sounding Life Is Good, was one of the best selling LPs of the summer, and true to the title, Nas had declared that he had buried past demons and was ready to accept that life is good.  Unfortunately, things may not be so great for Nasty as it looks on the surface, as his home in Georgia has been foreclosed on by the bank.

According to TMZ Nas owes $500,000 on his $585,000 mortgage that the bank which issued the loan, SunTrust, foreclosed and then sold the home. The rapper purchased the two bedroom 3,500 square foot swanky home in 2004, and was then auctioned for much less than he paid at a discounted $348,500. 

The bank is looking to recoup as much of the $507,000 still owed by the Queens, NY rapper.  Obviously, this is not his only home, but it will be interesting to hear details on why exactly he quit making mortgage payments this house. Why is this so prevalent in the Hip Hop community?

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