According to several reports, Wyclef Jean's Miami home was recently put on the market for foreclosed.Reports say that Jean took out a $2 million mortgage from Home Equity Mortgage Corp. in 2004 to purchase the estate through a corporation he owns with several friends.With plans to renovate the property, the home, which has been appraised at $1.4 million, was left unfinished for more than two years as a series of construction liens were filed. In addition, the city of Miami Beach added fees and once the $900,000 construction project halted after Jean and his partners couldn’t come up with the $177,913 in construction costs.A lien was put on the property by the project’s architects, who have tried to collect $75,000 owed to them.
No comments:
Post a Comment