News

T-Pain Is About To Lose His Florida Home

By HHL JT
pixel_start

T-Pain has been open about his financial issues.

In an interview with Gary Vaynerchuk last year, he admitted he had been so broke that he couldn't afford fast food.

"I definitely had to run out of money first,” he told Vaynerchuk. “I had to borrow money to get Burger King. It got that bad. And I still had artists, and stuff. I was paying for photoshoots, and I was borrowing money to do all that."

At the time, T-Pain said he had overcome that setback and was back on his financial feet. 

But maybe not so much. T-Pain is about to lose his Florida home after not paying off a rather modest mortgage and then not showing up in court to face his default. 

According to Deutsche Bank, T-Pain took out an $85,800 loan in 2007 for the Palm Beach property. But he stopped making mortgage payments in 2016 and now owes a total of $117,158.22, which is $83k principal plus interest and legal fees.

Since T-Pain didn't respond to Deutsche Bank's lawsuit, his house will be auctioned off on October 28 unless he makes the entire $117,158.22 payment. 

pixel_end
Posted In: News
News 50 Cent's Baby Mama Did Diddy Freak Offs For Rent Money 50 Cent's Baby Mama Did Diddy Freak Offs For Rent Money / News News Concern For Justin Bieber After Facetime With Lil Wayne Concern For Justin Bieber After Facetime With Lil Wayne / News News Sexyy Red Rips Ray J For Saying He Slept With Her Sexyy Red Rips Ray J For Saying He Slept With Her / News News See The First Reactions To Lil Wayne's 'Tha Carter VI' Album See The First Reactions To Lil Wayne's 'Tha Carter VI' Album / News News The Game Goes After Offset Over Cardi B The Game Goes After Offset Over Cardi B / News News Cam'Ron Asks Male Hooker From Freak offs Out Of Pocket Question About Cassie Cam'Ron Asks Male Hooker From Freak offs Out Of Pocket Question About Cassie / News