News: Nas Says "Bye Baby" To Georgia Mansion
Sunday, Oct 14, 2012 8:37PM
New York rap veteran Nas has reportedly lost a Georgia home to a bank auction after falling behind on hefty payments.
According to reports, Nasty Nas could not keep up with mortgage payments which resulted in the home getting foreclosed.
Life's a bitch ... Nas sang it and now he's living it ... because besides being knee deep in tax debt, TMZ has learned the rapper just lost his Georgia crib to foreclosure. According to official records, Nas purchased the 2-bedroom, 3-bath pad back in 2004 for $585,000 ... but according to SunTrust bank (which issued him the loan) ... Nas couldn't foot the bill and defaulted on the payments, still owing $507,000. SunTrust recently foreclosed on the property and then sold it to the highest bidder at public auction last month for $348,500 ... WAY LESS than the rapper paid eight years ago. It's a steal for the new owner -- the house is over 3,500 square feet with a walk-in pool and hot tub ... granite counter-tops ... custom theater ... gym and game room. (TMZ)
Back in March, Nas caught heat for tax-related woes stemming from Georgia.
The next time you buy a Nas album, you're really just handing your money over to the government -- because the rapper's delinquent tax filings have caused Uncle Sam to begin garnishing his wages ... TMZ has learned. As TMZ first reported, Nas is in tax debt up to his eyeballs ... if you his eyeballs were $6,000,000 tall. So the government has finally tired of waiting for Nas to pay up, so they filed documents in the state of Georgia to have his wages garnished -- via the music publishing organizations BMI and ASCAP -- until the debt is paid off. So if you like Nas, but hate the government ... perhaps you'll want to find an alternative way to listen to his music. (TMZ)
Last year, his financial woes circulated across the Internet.
Nas is the latest rapper to make headlines for tax troubles. God's Son reportedly owes the government over $6 million for a property he owns in Eagles Landing, Ga. This isn't the first time Nasir has has problems with the IRS; for the last three years he filed liens. In addition, the Queens, NY MC reportedly owes money for his condo in his hometown. Managers of the building claim he failed to pay his $420 a month assessment fee since January of last year, and have also filed a lien. (XXL Mag)
Outside of legal problems, the rapper recently hinted at his desire to hook back up with ex-wife Kelis.
Rapper Nas offered his ex-wife Kelis an indecent proposal recently when he sent her a late-night sex text. The star confessed his lusty thoughts to fans during a show in London on Monday night, revealing he let his urges get the better of him. According to NME.com, the rap star said, "You know, I text her the other night. I said, 'Can we make love one more time?' Seriously!" And he also revealed he's still reeling from the bitter 2010 bust-up: "(It) still hurts bad. That pain is real, y'all." He made the comments during a performance of "Bye Bye Baby," which is believed to be about his ex. (SF Gate)
Check out some recent Nas footage below:
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