Haitian-born musician, Wyclef Jean, is among the latest Americans losing a home to the foreclosure crisis.
Jean`s unfinished Miami Beach mansion is set to be sold by Miami-Dade county on December 12 after the singer failed to pay the mortgage.
The Yele Haiti founder and goodwill ambassador of Haiti reportedly took out a $2 million mortgage from Home Equity Mortgage Corp. in 2004 to purchase the estate through a corporation he owns with several friends, according to The Palm Beach Post. Jean’s corporation now owes the bank $2.4 million.
But while the home was set to be renovated, it was left unfinished for more than two years because of a number of construction liens and $6,200 in fines from the city of Miami Beach.
Court documents show also that a lien was put on the property this year by the project’s architects, who have tried to collect $75,000 owed to them since 2004.
Jean has not yet commented on the case.
Source: Caribbean World News
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