Diamond Addresses House Foreclosure

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.”

News of the foreclosure only magnified talk about Diamond’s troubled finances sparked by the October incident in which she had her car repossessed while on the set of a video shoot.

“That car was not repossessed,” she explained. “I got into an accident with my new Porsche truck and totaled it. Eight days later, I got the Camaro to hold me over until the insurance company sorted out the accident and I figured out if I wanted to get another Porsche truck or whatever. When I bought the car, I did enough (paperwork) to drive it off the lot. There were other documents they needed to complete the sale and I was sending those over. The person in charge of the remaining documents was not at work when I sent them, so that’s how everything got mixed up. It was nothing that I did. Besides, how can the car be repossessed if I just bought it? It wasn’t due for a payment, so how can I be late enough for it to be repossessed?”

Despite rumors to the contrary, the ATL-bred MC—whose current hit, “Lotta Money,” is getting renewed attention thanks to the new remix featuring Young Dro, Dorrough, Slim Thug, Twista and Trina—assures her fans that she is not in the throes of an economic crisis.

“It’s kind of funny that this is coming out now because I let the house go to foreclosure a long time ago,” Diamond said. “I guess with the courts and it finally going on the market, all of this is just now coming out. I’ve upgraded my place of residence four times since that first house. I don’t want to say where I live now, but I want my fans to know that I own the house that I live in now.”

Diamond is set to release her new mixtape, Cocaine Waitress, on December 30. —Maurice Bobb

  • that nigga

    Anyway, who cares about rappers personal issues? We all have our own but there not thrown out to the public. Let her live her life.

  • lair

    Diamond is born in 1988 and if she bought a house in 2002 she would have been 14 years old, come on son it just lye after lye, diamond the problems is we are all doing bad the market is not good, but when you kept lying abt it to your fans then they turn on you cause you can’t be trusted, we don’t believe nothing that comes out this girl mouth ashame!

  • ra

    lair…u a dumb fuck,she was in crime mobb then….she made enough to buy a starter home. so it does add up stupid!

  • Me004

    This is done all the time. This is NOT new worthy. If the bank says you owe them more then the house is worth, many people are walking away. Why is it such a BIG deal when someone black does it, this is the american way, but if we have anything to do with, of coarse we all have Phd’s in judging. They did a story about this on dateline, next!

  • LaVerdas

    Shit…

    I thought this was about The Real Diamond, “Diamond D.”
    SMH

  • LAIR

    PLEASE I DON’T NEED TO LIE AND DIAMOND GET YOUR LIES TOGETHER HOUSE BOUGHT IN 07!
    HAS A BLESSED DAY
    LOVE YA TOOOO!!!!!

    07-SEP-10 $102,000 SUNTRUST BANK CARPENTERO BRITTANY N
    23-MAY-07 $0 LCD DEVELOPMENT LLC CARPENTERO BRITTANY N
    23-MAY-07 $219,000 CARPENTERO BRITTANY N PETTIGREW MICHAEL W
    IT HAPPENS ALL THE TIME THERE NO NEED TO FRONT BOO GOOD LUCK

  • PHARO

    SHE WAS IN THE CRIME MOB @ 2004.(16)
    .
    .
    SHE SAID SHE BOUGHT THE HOUSE IN 2002, SHE WAS ONLY 14.
    .
    .
    WHAT 14YR OLD DO YOU KNOW WHO BUYS A HOUSE?
    .
    .
    AND NO THIS IS NOTHING LIKE WHAT BILLIONAIRE DONALD TRUMP DOES WITH HIS FINANCIAL ADVISERS.
    .
    .
    BULLSHIT LIES, SHE NEEDS TO GET A DAY JOB LOL BUT STILL GOOD LUCK FOR HER.

  • Jay Black

    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.” -Diamond

    Please put this part in the Negro Please section…lol. Thank you!

  • Truth Teller

    Diamond did not have a NEW Porsche truck it was an older model..blue or black. And she dndt total it…she never even got into an accident. That car got repoed. Her ‘accident’ was a b/s there is no police report or record of an ambulance being called. I mean you flip your truck 3 times and hit a tree and dont call the police or ambulance…..C’mon SON

  • Crime Mob’s Dad

    She needs to change her name.Its a bad look! Fronting! Then make up false stories!?She makes hip hop/women look bad! That was crazy when her ride got taken from the video shoot!