Rapper Chamillionaire now faces foreclosure on his Houston, Texas mansion. According to the rapper, he has chosen foreclosure, and it does not mean that he is out of money. Chamillionaire claims that, he decided to foreclose his home because of the slumping real estate market. In short, it was just a “business decision.”
Chamillionaire recently said, “I was always on the road touring. I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.” The rapper refutes claims that he is out of money saying, “I still got the cars.” Chamillionaire is not the only star that has faced financial troubles.
Find more breaking celebrity news including celebrity foreclosure, recent Hollywood divorces, and celebrity bankruptcy at CelebLegalIssues.com.
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