From “Money Ain’t A Thing” to Broke?

Apparently Jermaine Dupri is going broke. For the last couple of years he has been facing financial woes. His restaurant Cafe Dupri closed a couple of years ago and now he almost lost his house.

 

According to Channel 2 Action News:

 

Channel 2 Action News has learned that Jermaine Dupri’s mansion on Mount Paran Road in northwest Atlanta was in foreclosure and set to be auctioned on the courthouse steps last week, but the sale was canceled at the last minute.

The law firm handling the foreclosure would not say why the sale was stopped.

Suntrust Bank had started foreclosure on an original loan amount of more than $2.5 million.

According to records Channel 2 obtained from the Georgia Department of Revenue, Jermaine Dupri Mauldin owes the state $493,768.75 in back taxes for 2007.

Channel 2’s Tom Regan spoke with Fayette County Tax Commissioner George Wingo. Wingo sent Regan documents showing Dupri owes $14,024.67 in unpaid property taxes, fees and penalties in connection with another home Dupri owns.

Regan went to Dupri’s home and rang the intercom at the security gate in hopes of getting a comment from the music producer, but got no answer.

Two phone numbers for So So Def Records, Durpri’s record label, were disconnected.

I know JD has royalties coming in. He has produced albums that has sold over 10 million.

As of now he has a website that he is  promoting called Global 14 and he dj’s around the country.

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