Wyclef Jean Hits Back At Foreclosure Reports
Jean bought the Miami Beach mansion in 2004, reportedly taking out a $2 million mortgage through a corporation he owns with several friends. But a string of legal problems ensued with the construction of the unfinished property, with Jean's corporation reportedly owing the bank more than $2.4 million when renovations floundered, sparking the reports last November.
According to TMZ.com, Jean says he was "robbed" by contractors he commissioned for the $900,000 project. The singer's home was scheduled for auction on December 12th, but reportedly settled loans with the bank in time, avoiding having his home sold off.
Jean now intends to resell the Miami-Dade county property.
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(This news article provided by World Entertainment News Network)
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