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Wyclef Jean Faces Foreclosure in Florida Posted on: 21 Nov 2008 15:14:19 -0800

http://cityfile.com/dailyfile/3166

It looks like Wyclef Jean and Damon Dash will have lots to chat about the next
time they get together. The former Fugees star's mansion in Miami Beach has gone
into foreclosure and is set to be auctioned off in three weeks. (Dash's own
apartment troubles were revealed in August.) Palm Beach Post gossip columnist
Jose Lambiet reports that Wyclef and several partners took out a $2 million
mortgage in 2004 to purchase a canal-front estate next door to Anthony Shriver,
the brother of Maria Shriver Schwarzenegger. He later embarked on a massive
renovation of the property, but never ended up paying off more than $177,000 in
construction costs, leading to the first in a series of liens and fines and
leaving the home unfinished for more than two years. (Perhaps Wyclef should have
been counting his pennies and not investing in his porn collection?) Court
documents now show that Wyclef and his partners owe the bank $2.4 million, and
the home is scheduled to be auctioned off on December 12th. A photo of the
half-finished manse after the jump!
2109976. Wyclef Jean Faces Foreclosure in Florida