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In Riches to Rags News: Nas’ Georgia Home Sold at Public Auction

In Riches toIt seems we always hear these stories about rappers, actors, etc owing back taxes and losing cars, homes, etc.  Well here we go again.   Nas has lost his half-million dollar mansion in Georgia.Reports are coming out that Nas’ two-bedroom, three-bathroom mansion that was purchased in 2004, was recently foreclosed upon.  According to records, Nas defaulted on a $585,000 loan that was taken out at the time of purchase.Suntrust bank, which issued the loan, recently foreclosed on the home.  The mansion was sold at a public auction for $348,500. What do these entertainers need to do to keep up with their finances?

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