Legal

Gucci Bikes Are Now In The Middle Of Birdman's Miami Mansion Foreclosure Drama

By HHL JT
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Birdman lost possession of his  7-bed, 11-bath 20,000 sq ft Miami estate last year because he pulled a Birdman and decided not to pay his mortgage.

EMG Transfer Agent, who hold the $12.5 million loan on the mansion, filed a foreclosure lawsuit against Birdman to recover the property.

He tried to fight the move by turning around and suing his insurance company, Lloyd's of London, claiming they didn't properly compensate him when Hurricane Irma hit South Florida in September of 2017 and caused wind and water damage to the home.

However, that hasn't worked and now a court-appointed official is in control of the home.

The official is supposed to take inventory of everything in it.  But his counting of assets hit a snag when "four collectors’ bicycles that were designed/manufactured by Gucci which were located at the Mortgaged Property” suddenly disappeared.

He is now demanding Birdman return the bikes, which you can learn more about below:

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Posted In: Legal Birdman

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