His hit song may refrence him “Ballin,” but a lawsuit against rapper Jim Jones claims that isn’t necessarily the case.
According to the folks over at Bossip, Jones and his long term love Chrissy Lampkin have had their New Jersey mansion foreclosed on and sold at auction.
The U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage since 2010. According to the complaint, Jones bought the house in 2006, and took out a $680,000 mortgage with a 6.875 percent interest rate. He agreed to make monthly payments of $4,467.
However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due.
Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple.
Neither Jones nor Lampkin responded to the case, so the judge put them in default. The home was eventually sold back to the bank at a Sheriff’s Sale earlier this year for just $100 – court papers state.
In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers. The five-bedroom, three-bathroom home is now valued at $742,000, according to realty website Zillow.
