It’s been a rough couple of years for the Dipset crew. Cam’ron and Juju went their separate ways in a somewhat messy breakup. Juelz Santana is currently serving time for bringing a gun to the airport. And now, Jim Jones and his longtime partner Chrissy Lampkin have lost their New Jersey home to foreclosure.
According to our sister site Bossip, the mansion was foreclosed on and sold at auction for just $100. The process has been a longtime in the making.
In 2017, the U.S. National Bank Association sued Jones for failing to pay the mortgage for nearly a decade.
The lawsuit stated that Jones bought the house in 2006 (the same year “Ballin’ was released), taking out a $680,000 mortgage to do so. He agreed to make monthly payments of $4,467.
But the bank claimed Jones stopped paying the mortgage in 2010. Last year, Jones and the bank reached an agreement to pay the debt and get the home out of foreclosure but apparently Jones could not uphold his end of the bargain because the bank asked the court to issue a final judgment against the couple.
When neither one responded, the judge put them in default.
Eventually, the bank bought the home from a Sheriff’s Sale for just $100.
In total, the bank claims that Jones and Lampkin owe $1,240,017 which includes interest, real estate taxes, advances and homeowners insurance.
The five bedroom home is now valued at $742,000 according to Zillow, a realty website.
This is the same home that has been featured on “Love and Hip Hop: New York,” though now Jones and Lampkin live in Miami.
They will still be responsible for paying the $1.2 million.
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