Sunday, March 06, 2022

Tory Lanez Facing Foreclosure

Canadian rapper Tory Lanez, who is currently on trial for shooting Houston rapper Megan Thee Stallion in both feet [click here if you missed that], is thisclose to losing his Miami condo...

Tory purchased the 3-bedroom, 3.5-bathroom, 2,182 sq. ft. penthouse in 2018 for $1.8 million. He took out a $1.26 million loan with BH 4908.
Per the mortgage, Tory agreed to make monthly payments of $11,057.40 and then one large balloon payment in December 2021.
The lawsuit accuses Tory of defaulting under the terms of the mortgage by failing to make the balloon note totaling $1,237,456.06.
The suit says Tory owes a total of $1,237,456.06 that is due on the loan plus interest.
BH 4908 LLC says Tory still lives in the luxury condo and is the only owner on the title.
The company is demanding the court allow them to foreclose on the home and sell it off to the highest bidder. They also want him to pay any difference between the amount the home is sold for and the amount owed.