Rappers’ Homes Enter Foreclosure
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’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.
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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]