Rappers' Homes Enter Foreclosure

Trick Daddy, Lil’ Scrappy face huge debts

December 29, 2010 1:55 PM ET
Trick Daddy backstage at the  2010 VH1 Hip Hop Honors at the Hammerstein Ballroom on June 3, 2010 in New York City.
Trick Daddy backstage at the 2010 VH1 Hip Hop Honors at the Hammerstein Ballroom on June 3, 2010 in New York City.
Frank Micelotta/Getty

Following in the footsteps of Chamillionaire — whose Houston home was foreclosed on in June — Trick Daddy, Lil' Scrappy and Diamond's homes have all recently gone into foreclosure.

Trick Daddy Photos

Trick Daddy’s decision to foreclose on his $320,000 home is no doubt related to his reported $157,000 debt to the IRS for back taxes, whereas both Lil’ Scrappy and Diamond, who are romantically involved, chose to foreclose on their respective homes after the properties dropped significantly in value from what they had paid for them.

Rolling Stone's Best of 2010: Music, Movies, Videos, Photos and More

Scrappy has put a positive spin on his financial troubles, explaining that since he could not sell or rent the property, the only good business decision he had was foreclosure.

Hip-Hop Artists Hit Hard by the Recession; Trick Daddy, Lil Scrappy and Diamond Face Foreclosure [Rolling Out]

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Music Main Next

blog comments powered by Disqus
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.


We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“American Girl”

Tom Petty and the Heartbreakers | 1976

It turns out that a single with "American" in its title--recorded on the Fourth of July during the nation's Bicentennial, no less--can actually sell better in Britain. Coupled with the Heartbreakers' flair for Byrds jangle and Animals hooks, though, is Tom Petty's native-Florida drawl that keeps this classic grounded at home. Petty dispelled rumors that the song was about a suicidal student, explaining that the inspiration came from when he was 25 and used to salute the highway traffic outside his apartment window. "It sounded like the ocean to me," he recalled. "That was my ocean. My Malibu. Where I heard the waves crash, but it was just the cars going by."

More Song Stories entries »