kanye-west
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A Houston mansion owned by rapper Chamillionaire was repossessed by the bank recently after the place went into foreclosure — Chamillionaire lost the 7,583 sq. foot home — which he picked up for roughly $2 million back in 2006 — after failing to make several payments.

But, yesterday in New York TMZ spoke with Chamillionaire — real name Hakeem Seriki — who said he “decided to let that house go” because the real estate market had turned and the house had become a bad investment.

Chamillionaire also noted that he was never at the home because, “I was always on the road touring” adding, “I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.”

But Chamillionaire claims he’s far from broke , “I still got all the cars.”
- so instead of selling the house and making some money back he rather just loose everything he invested?? that sounds pretty lame. Good deal with all the cars though now all you need is a shack to park them around.

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