Video: Rapper Chamillionaire Loses Home to Foreclosure?


The man who made the world stand up and understand what the black community meant about racial profiling with his song “Ridin’ Dirty” has made a decision to let his $2 million dollar home go back on the market.  The media has painted a picture of poverty and mishandled funds by the rapper, but he couldn’t be further from that.

According to AOL’s Housing Watch, the rapper born Hakeem Seriki, has been spending his time taking care of business.  Something that a lot of celebrities don’t spend time taking care of once the money starts rolling in.  But, Seriki happens to own a record label called Chamilitary Entertainment and he co-owns a dealership in Houston called Fly Rydes, along with a tour bus company.  He’s involved in a project with Quincy Jones as well.

The more than 7,000 square foot home was too much house for someone who is never enjoying the home.  In addition to that, the house had the largest payment of all of his properties.  When you finished applauding him, read here to find out more about his finances…that appear to be in tact.  Or you can listen to him in his own words.

-J.C. Brooks

3 thoughts on “Video: Rapper Chamillionaire Loses Home to Foreclosure?”

  1. Hmmmm, why would you let your credit suffer for this though. Sorry dude this explanation just doesn’t fly.

  2. Makes perfect cents to me, being from money I can tell you he knows exactly what he is doing. Dude is smarter than you think! He is paying 6 million for a house that is worth only 2 million now because the value declined since the market crashed. While my number is exaggerated this is still the premise of the story and he wasn’t living in it and it cost more money than all of his other assets.

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