Legendary music producer Jermaine Dupri loses his $5M Atlanta mansion to foreclosure after years of fighting banks
- Jermaine Dupri, 42, bought the six-bedroom, 7-bath 9,441-square-foot estate in 2005 for $3.2million
- The sprawling mansion sitting on 1.73 acres of land is currently worth just under $5million, according to some estimates
- Dupri, founder of So So Def record label, was able to stop his home from being auctioned off twice in 2013
- Owner of deed of the house accuses Dupri of failing to make payments on $2.5million loan
- He has worked over the years with A-listers like Destiny's Child, Mariah Carey and Usher
After years spent fighting to keep his Atlanta mansion, prominent music producer and rapper Jermaine Dupri has now lost his palatial home to foreclosure.
Dupri, 42, bought the six-bedroom, 7-bath 9,441-square-foot estate in 2005 for $3.2million.
The real estate site Zillow estimates that the sprawling mansion sitting on 1.73 acres of land is currently worth just under $5million.
According to Fulton County legal notices, Dupri, who over the years has worked with such A-list acts as Kriss Kros, Usher, Mariah Carey and TLC, has fallen behind on his monthly payments.
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Fail: After years spent fighting to keep his Atlanta mansion, music producer Jermaine Dupri, pictured left and right with Sean Diddy Combs at a promotional event November 19, has now lost his home to foreclosure
Palatial: Dupri, 42, bought the six-bedroom, 7-bath 9,441-square-foot Atlanta estate in 2005 for $3.2million
Fit for a king: The sprawling mansion sitting on 1.73 acres of land is currently worth just under $5million
Third time's not the charm: Dupri, who reportedly has been struggling to keep up with his mortgage payments, was able to save his mansion twice from being auctioned off in 2013
Ladies' man: Dupri, pictured laying on a couch in his mansion, dated Janet Jackson in early 2000s
Long journey to fame: Dupri got his start in show business as a teenage backup dancer
Dupri, the founder of the So So Def record label, was able to stop his home from being auctioned off twice in 2013 by successfully challenging a bank's claim that he owed them nearly $200,000 in mortgage payments, according to a report y the pop culture blog The Jasmine Brand.
The bank later said that the songwriter was on the hook for $400,000, but the judge sided with Dupri and took his mansion off the auction block.
The 42-year-old Atlanta native reportedly has made a deal with the bank agreeing to pay off his debt in monthly installments.
Then in November, the owner of the deed of the mansion set the foreclosure proceedings in motion, stating that Dupri has not been making payments on a $2.5million loan he took out on the mansion nine years ago, reported Atlanta Journal Constitution.
The mansion featuring a fireplace and a pool, and surrounded by manicured lawns and trees, is expected to go up for sale later this month.
Lap of luxury: Only three weeks ago, Dupri shared this photo on his Instagram account showing him sitting down for an interview with MTV in his well-appointed living room
Beautiful inside and out: Dupri's home in Atlanta is surrounded by perfectly manicured lawns and trees. Inside, the bachelor pad is decked out in pristine white marble
Hard times: Dupri has been sued by a bank and by a former road manager in recent years
Father figure: The producer has a 16-year-old daughter (pictured in his arms) from a past relationship
Entertainer: Dupri, whose current net worth stands at around $2million, threw a lavish pool party for a young female relative in 2012
Horsing around: Dupri apparently spared no expense, even bringing in a couple of ponies
Jermaine Dupri, who got his start as a teenage backup dancer, has been a mainstay in the world of show business for many years, helping launch the careers of De Brat, Xscape and the teen duo Kriss Kross whose 1992 record Totally Krossed went multi-platinum.
Between the late 90s and mid-2000s, he collaborated with Destiny's Child, Lil Wayne and Mariah Carey, including on her chart-topping single We Belong Together from the 2005 album The Emancipation of Mimi, which won him a Grammy.
Miss Carey hired Dupri as her talent manager in 2013 replacing Randy Jackson, but the two parted ways this past August.
Dupri has a 16-year-old daughter from a past relationship. In 2001, he started dating pop star Janet Jackson but the pair broke up in 2009.
Dupri hit a rough patch last year when SunTrust Bank filed a lawsuit against him and his record label asking for $1.9million.
Storied career: The founder of the So So Def record label has been credited with launching the careers of De Brat, Xscape and the teen duo sensation Kriss Kross
In good company: Dupri (center), pictured at an ASPCA Awards ceremony in 2005, has collaborated with Usher (left) and Mariah Carey (right), who briefly employed him as her talent manager
The producer later counter-sued the bank, accusing it of changing the terms of his loans and making it impossible for him to pay off his debt.
Then earlier this year, a former road manager filed a lawsuit against Dupri demanding four years’ worth of overtime pay.
According to the site Celebrity Net Worth, Dupri's personal net worth currently stands at $2million - down from about $60million in his heyday the mid-90s.
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