SINGER-KEITH SWEAT HOUSE WENT FORECLOSURE....TIME ARE TOUGH EVEN FOR THE RICH !!
R&B singer Keith Sweat took a double whammy in his foreclosure case, because even after the bank took his house and sold it he’s still on the hook for $250,000 — this according to a new lawsuit. PMI Mortgage filed the lawsuit against Sweat in Georgia — claiming the singer defaulted on a $450,000 mortgage on his Detroit home, which he purchased in 2004. Problem is — when the bank sold it, it only recouped $200,000, just a fraction of its losses. PMI Mortgage sued Sweat for the balance — $253,000 — and since Keith failed to respond, a judge ruled in PMI’s favor. PMI has since sought a lien on Keith’s Georgia property in a last ditch effort to get its money...THOSE BIG HOUSE COME WITH HEFTY PRICE ...MNANUNUA ZA NINI