Thursday, July 14, 2016

Memphis Bleek Facing Foreclosure


Earlier this week news leaked that rapper Memphis Bleek had filed for bankruptcy claiming $100 in cash and more than $350k in liabilities [click here if you missed that].

On top of that Bleek is about to lose his house...

According to reports Memphis Bleek stopped paying the mortgage on his Keyport, NJ home back in 2013 and the house is set to be auctioned off on September 12, 2016.

Memphis bought the 2,500 sq ft house in 2003 for $300k using a $274k mortgage from Bank of America.

14 comments:

Anonymous said...

No money, mo' problems

Anonymous said...

The question is how did he lose it - what addiction?

Anonymous said...

@ 8:34am. The addiction of living above your means and not generating any income to support your lifestyle. lol He wasn't working, which makes no sense. I mean, if you no longer want to be rapper, then why are you trying to produce or something.

Anonymous said...

@8:47 ~ You're right. And NJ has high property taxes, so a condo near Newark Airport so he can fly in and out for shows would have been ideal(those condos are gorgeous with doormen.) Now I see why performers like Prince and Joan Rivers were always working, working, working because they had to pay managers, agents, lawyers, and for their own insurance, etc.

Kitty B. said...

But where is Jay (not that he has to take care of him) but he paid for the wedding, so why not save his home

Sunni Daze said...

Jay said "As long as I'm alive Bleek a millionaire." Guess that was a sound bite or they broke up.

Sunni Daze said...

Jay said "As long as I'm alive Bleek a millionaire." Guess that was a sound bite or they broke up.

Anonymous said...

I guess he thought money was going to fall from the sky, lazy ass! Get a job and down sizes. The Jones are always better sucker!

The pride you held just exposed your inner fool!

Anonymous said...

Lets be clear. Bankruptcy does Not mean you're broke. It's a legal option for all citizens. Trust and believe wealthy people take advantage of this option all the time. Hence, Trump 10 bankruptcies still has his wealth.

Anonymous said...

But he's not Trump.

Anonymous said...

1038am exactly..only uneducated people believe that filing for bankruptcy actually means that the person is "broke". Bankruptcy is just a way to avoid paying your bills..hey even rich people don't like to pay bills or taxes for that matter.

Chrissy Rawlings said...

@ 8:31 lmmfaooooooo I am ctfu

Anonymous said...

Like I said on the last post I think Jay is gathering his coin in case he divorces the ball and chain. They are still separated after all. None to spare for Memph, or maybe Memph didn't ask him for anything.

Anonymous said...

Jay z is very cheap and tight with his money
Hell he didnt even donate over 50ks to his
OWN charity he have for inner city youth
He fronts and talk a good 1 about balling out and spending big money
But its only for self and never ever to help ANYONE out
Meek is grown so he should take care of himself but i hope he knows Jay is not that kind of friend
Only if u make him shine

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