wyclef jean

Wyclef Jean Faces Foreclosure

Filed under: Estates, Celebrity Shopping

Add another name to the ranks of the famously foreclosed. Page Two Live reports that a Miami Beach property owned by Wyclef Jean will be auctioned off at the courthouse in downtown Miami on December 12. The former member of the Fugees borrowed $2 million through a corporation he owns with friends from Home Equity Mortgage Corp. in 2004. He was planning to rebuild a canal-front home but construction on the property stopped when Jean and his partners couldn't come up with the money to finish the project. The architects filed a lien for $75,000 and in all, Jean's corporation now owes the bank $2.4 million. It's doubtful they will get all their money back from the sale, the property is appraised at $1.4 million and has been left unfinished for years.

Gallery: Celebrity Foreclosures

Jeana Keough from the Real Housewives of Orange County

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Tags: celebrity real estate, CelebrityRealEstate, foreclosure, miami, wyclef, wyclef jean, WyclefJean

Wylcef Jean Sued For Jewelry Debt

by Deidre Woollard (RSS feed) —

Filed under: Jewelry, Celebrity Shopping

Jacob the Jeweler, who was sentenced to jail last month for money laundering, seems to have no problem heading back to court. His company, Jacob & Co. has sued musician Wyclef Jean for unpaid bills. Court papers filed in Manhattan indicate bought $765,100 worth of watches and jewelry between March 2002 and January 2006 and still owes $319,680 dollars. The company says they have tried many times to get Jean to come forth with payment. His reps had no comment.

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Tags: jacob the jeweler, JacobTheJeweler, jewelry, wyclef jean, WyclefJean