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Rapper paid $250K to avoid foreclosure

Posted on October 27th, 2014 No Comments

American rap artist DMX settled $250,000 with Compass Bank to save his Mount Kisco home from foreclosure, the Chicago Defender reported on October 19.

The rapper, whose real name is Earl Simmons, 43, made the settlement in response to a lawsuit filed against him by Compass Bank. DMX was sued by the bank in 2013 for allegedly refusing to pay off his loan, and it urged the foreclose of his home. DMX’s payment of $250,000, however, settled the mortgage of the home he paid $649,000 for in 2000 and allowed him to avoid foreclosure.

If your home is being threatened by foreclosure, it is important that you work with an experienced lawyer who can provide you with legal options that could possibly prevent your home from being taken away from you. Learn more about your options by consulting with the Cincinnati lawyers of Ryan J. Ruehle, LLC, today by calling our offices at (513) 621-0999.

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