Wyclef Jean's Foreclosed Mansion up for Auction

Miami's foreclosure fiasco rages on, and its latest victim is a familiar face. Rapper/producer Wyclef Jean took out a $2 million mortgage to purchase and renovate a Miami Beach spread but failed to keep up on payments, according to the Palm Beach Post's Jose Lambiet (who apparently doesn't know much...

By Kyle Munzenrieder

November 21, 2008

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Miami's foreclosure fiasco rages on, and its latest victim is a familiar face. Rapper/producer Wyclef Jean took out a $2 million mortgage to purchase and renovate a Miami Beach spread but failed to keep up on payments, according to the Palm Beach Post's Jose Lambiet (who apparently doesn't know much about hip-hop; Wyclef is more than just a guitarist, but okay). The uncompleted house will go up for auction December 12 and will make a fantastic Christmas present for any real estate vulture skimming up deals while the market is down.

--Kyle Munzenrieder

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