Rapper Nas Gets Home Taken, Owes Nearly the Entire Purchase Price from 2004

TMZ is putting all the celebs on blast, letting us all know that everything that glitters ain’t gold.  The rapper Nas might talk a lot about the fancy things that he collects by being a hot emcee, but his real financial situation might be a bit more complex than that.  SunTrust bank is claiming that Nas still owes nearly the entire purchase price of his two-bedroom, three bath house.  The rapper bought the home in 2004 for $585,000 and he still owes the bank $507,000.

How many payments did he make during that time?  Did one of the dopest rappers in the country have to take a home equity loan or something?  There is no reason for a person to owe that much on a home that was bought eight years ago.

SunTrust has had enough, selling the house for $348,500, which is a huge loss for both Nas and the bank.   The home is 3,500 square feet with a walk-in pool and hot tub, granite counter tops, a theater and gym.  Not a bad deal for the buyers.