Miami: the city of fast cars, money, beautiful people and beautiful views. Miami Beach has its plethora of amazing real estate overlooking the breathtaking views of the city known for its amazing nightlife scene. Its no wonder that Miami has become the ultimate hot spot.
Continue reading A Millionaire’s Miami Highrise
Wyclef Jean is going through some financial problems right now. It was announced earlier today that Wyclef is facing foreclosure on a Miami Beach property if he failed to pay the $2 Million mortgage for the property.Â
Through a corporation he owns with friends, the former guitarist ofÂ The FugeesÂ borrowed $2 million from Home Equity Mortgage Corp. in 2004.
He wanted to rebuild a canal-front home next door to Kennedy clan stalwartÂ Anthony Shriver,Â Mariaâ€™s little brother.
But a series of construction liens filed since then shows the Pine Tree Drive project was burdened by a heap of financial trouble.
Construction for the property was put on hold when Jean and his partners couldn’t make up the rest of the balance of $177,913 to finish. Jeanâ€™s corporation now owes the bank $2.4 million. If Wyclef doesn’t pay off the home it will be sold on December 12 in downtown Miami.
Diddy recently got in trouble with the law this past week. The Hip-Hop Mogul was driving around Miami Beach in his customized silver Jeep when he was pulled over by the cops.
The rapper was pulled over by police for ignoring the police officer’s request to turn down the volume of his car stereo because he couldn’t hear him.
According to website TMZ.com, the officer asked Combs to adjust the volume of his music, but when the rapper failed to comply or even acknowledge, he was ticketed for the offense.