Time to sell!
The 42-year-old rapper has been all over the place throughout her career. From the top to the bottom, hits to flops, she’s seen it all. Even though she has recently had a career resurgence of sorts, it’s not doing enough to pay her bills. She’s got a lot on her plate right now, and unfortunately she might be losing her house.
Apparently Lil’ Kim is about to lose her huge Alpine mansion due to foreclosure. It’s not like she’s been out of the spotlight recently, as a matter of fact she even went on tour just last year with P Diddy. You’d think that she has all the money in the world, but it does seem like money is an issue.
That’s a lot of dough!
She bought the home over a decade ago back in 2002 for a whopping $2.275 million, but she has reportedly been struggling to make her payments for the past few years. Apparently the bank instituted foreclosure proceedings against Lil’ Kim back in 2010, but they have been in mediation since 2015.
According to the state records, the property taxes alone are around $23,000 a year. She is a celebrity, but that’s still a lot of cash to be cranking out each and every year.
The court papers say that she owes around $2 million to the court, which includes interest and taxes. No matter who you are, that’s a lot of money.