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...
From Radar Online
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.
18 comments:
He's not the first person facing foreclosure and he won't be the last. The beat goes on, foreclosures are as American as apple pie.
Here's the thing. He's not American and likely doesn't like apple pie. He's a Canadian rapper that had a gun facing "American as apple pie," trial.
He purchased something he couldn't afford. That happens to a lot of ppl all over the world.
@ReZen
Please take your psyche meds.
When the music stops selling and the gigs dry up.
Thats another hard grill to sustain. Pls send warning labels with ugly pictures. I have a weak heart. I could fall into shock and coma at any time.
His Shoot em up tour will be coming to a city near you.
He could never planned for this he has suffered the effects of cancel culture and corporate culture.This is a test of his metal we all face obstacles we will see how he handles this. The only think he could have done to avoid this was one of the following: 1) Not shot someone in the foot 2) Not been sleeping with two best friends and getting caught. Time will tell which of the two could've saved him this humiliation, but if its the second option then this may be the least of his worries.
@KerdartheLOON 3:45pm
I see you're using one of your MANY sock puppet accounts. I guess talking to yourself on a gossip blog, is cheaper than talking to your psychiatrist. Take your psyche meds so you won't hear voices in your empty head.
Lol to all
^^ Stupid bitch on here still talking about sock puppets and taking psych meds. Corny ass been using that dumb ass phrase since Tippie Hippie was on here. Get a new phrase Lame-O. LOLOL
@5:46pm
A hit dog will always holler. Here you come running and scratching. BOO HOO your little feeling got hurt. Because nobody is buying the bullshit you're shoveling on RWS. You're the one who keeps on writing lame ass comments, and you can't accept the fact take no one is kissing you stinking, funky, fat ass. Stupid Bitch, you can fuck all the off.
Go back to Canada!
He should have tried to sell it or short sell it when his finances first got funky. If you don't work out a deal with the lien holder upfront, it goes downhill from there.
I swear people don't do the math. With his kind of money, he should have been looking at $190.000 home. Ijs, if I had 7 million, I'd be living in a $250.000 home, no more than that. He should have been working on his credit before purchasing anything. Yeah he might have needed to get out of the hood with fame and all, butits a way to do that too without fyckin yoself.
Why would he no be able to sell it for wassaay more than he bought it for 4 years ago? Prices have doubled. I smell a bank scam.
@ 11:44 how true a statement that is a lot of people worth 7 million live in a normal home and thats why they keep their money.
@ 3:57 you sound ignorant not adding anything positive or insightful just negativity and obvious misplaced anger you couldn't find anything better to do with your time than jump on here and spew venom who or what hurt you so bad? And for the record I have no account I comment when I feel like adding something to the conversation.
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