Jim Jones And Chrissy Lose Home In Foreclosure; House Sold At Auction For $100

Rapper Jim Jones and his long-term love Chrissy Lampkin have come to a bump in the road in their lives. The former Love and Hip-Hop: New York stars have had their New Jersey home foreclosed on and sold at an auction for $100.

According to BOSSIP, the U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage since 2010. According to the complaint, Jones bought the house in 2006, and took out a $680,000 mortgage with a 6.875 percent interest rate. He agreed to make monthly payments of $4,467.

However, the bank said the “Ballin'” rapper stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due.

According to the Jasmine Brand, Jim Jones tried to sell his home for $799,000 back in January 2012 but obviously that didn’t go well.

Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple.

The home was eventually sold back to the bank at a Sheriff’s Sale earlier this year for just $100 – court papers state.

In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP.

The five-bedroom, three-bathroom home is now valued at $742,000, according to realty website Zillow.

Neither Jim nor Chrissy has made any comments.

We know that hard times come and we’re sending prayers to Jim and Chrissy…but someone actually bought this home for only $100…WOW!