Female Rapper Diamond Says It Was A ‘Business’ Decision To Let Home Get Foreclosed
Earlier this week gossip site, mediatakeout.com, reported that Atlanta rapper Diamond’s house recently went into foreclosure. XXLMag,com spoke to the former Crime Mob rapper to clear the air on her financial situation
“It was a business decision, plain and simple,” the Jive/Battery Records artist told XXL. “I bought that house in ’02. It was a house I did live in at the time for about a year. But then I got into other rental properties and flipping my money and moved out of that house. The recession hit and the real estate market was not doing what it was supposed to do, so instead of selling it, I rented it out. Then the rental market slowed down, too. So I asked myself, ‘Should I keep this house when no one is buying it or renting it?’ If I can’t sell it, recoup my money or have anyone rent out the property, then why would I keep it? So I decided to let it go to foreclosure last year. “
“People do it all the time,” she continued. “Donald Trump does it. If a person can’t understand that, then they’re stupid.”
December 22, 2010 - 1:56 PM
Brokeness aint nothin to be ashamed of.. But still faking and lyin is !!!!!!!
Diamond lookin cubic right bout now….
December 22, 2010 - 2:19 PM
hey Diamond i always wanted 2 jack hammer u
December 22, 2010 - 3:09 PM
Diamond is right. Broke folks who never had property wouldn’t understand. Even a Lawyer will tell you to walk away and deal with the consequences. Don’t blame Diamond she couldn’t predict the Ecomomy. Smart on her for investing in the first place and taking a chance. Most people talk but they dont walk.
September 27, 2011 - 11:30 PM
A business deal Diamond? Really? I guess that Knuck If You buck money wasnt good enough to save your house.