The rapper, who is already facing serious tax debt, just had his 3,500 square foot, 2-bedroom, 3-bathroom home in Georgia foreclosed upon after he defaulted on his loan payments to SunTrust bank!
According to records, the house - which has a walk-in pool, hot tub, theater, gym, game room, and granite counter-tops - was originally purchased in 2004 for $585,000, but Nas only could pay off $78,000 before realizing he couldn't foot the rest of the bill!
As a result, the home went to the highest bidder at a public auction last month who only had to pay $348,500!
Ouch! That HAD to have hurt!
Sometimes you just have to learn the hard way that Uncle Sam always wins!
[Image via WENN.]
Tags: failure to pay, foreclosure, home, loan payments, nas, property, public auction, sold, suntrust bank