Reports say Juelz Santana’s been sued by Wells Fargo Bank for failing to pay mortgage.
Things haven’t been going too well for Juelz Santana this year. The rapper’s currently facing charges after he was caught with a loaded gun at Newark Airport from an incident earlier this year. However, that’s not the only problems he’s currently facing. According to a new report, Juelz Santana is at risk of having his New Jersey home foreclosed for the second time.
According to Bossip, Wells Fargo Bank is suing Juelz Santana in an attempt to foreclose his New Jersey condo. The rapper allegedly hasn’t been paying his mortgage on time. The home was reportedly in the same development where Biggie lived. Santana’s currently months behind on his mortgage payments for the spot.
Santana’s monthly payments on mortgage was $3754 for thirty years to pay for the home. He initially bought the home in 2005 for $540K. He financed the home with a $486K mortgage with 8.5% interest rate.
The lawsuit follows Juelz request to the judge to give him leniency on his bail restrictions in order for him to tour again and bring in some income to support his family. He argued that performances was the only source of income he had to support his girlfriend, children and relatives. For reasons unknown, he dropped his bid.
This is the second time in a matter of years that Juelz Santana has faced having his home foreclosed. He came to an agreement with the bank last year after they accused him of owing close to $700K last year.
