Rapper and Actor NAS (Nasir Jones) has been the latest celebrity to be a victim of foreclosure. Back in 2004, Nas brought a house in Georgia which consisted of two bedrooms, three bathrooms, a walk-in pool, games rooms, a custom home theater and hot tub for the price of $585,000.
Somehow, we could say lack on income caused the rapper to fall behind on the mortgage, defaulting on this loan from SunTrust bank, still owning the bank $507,000 they decided to foreclose on the property. SunTrust Bank sold the 3,500 square foot home for $348,500 which is way less than the initial price the rapper paid for the property.
There are no details why he fell behind on his mortgage, so all is said above we were only speculating. No official response from Nas’ camp.