Hip Hop / News

Jim Jones Loses Jersey Home In Foreclosure Amidst, Sold for $100: Reports

Jim Jones just added another problem to his list after a hectic news week for the New York rapper.

Jim Jones is usually unproblematic, but all eyes have been on him this last week after his name came up in testimony from Tekashi 6ix9ine in a racketeering case involving Nine Trey Blood members. Last week Tekashi told prosecutors that the Harlem hip-hop vet was also a member of Nine Trey, and the feds proceeded to play an alleged recording of him and a high-ranking gang member. If he wasn’t having enough issues to deal with, it was reported Monday that Jim Jones’ New Jersey home was foreclosed on, and sold for a mere $100, according to Hot New Hip Hop.

Jim was sued by the U.S. National Bank Association in 2017 for failing to make mortgage payments on the home over a seven-year period. The Dipset member allegedly owed $1.2 million, even though the house was valued at $680,000. Jim reached a settlement with the bank last year, but failed to keep up his end of the deal, and the account went back into default. The home has been sold back in a Sheriff’s sale for just $100.

It isn’t the best news for Jim but may be the least of his problems after audio leaked of his alleged phone call with Nine Trey godfather Mel Murda in which he suggests that someone needed to “violate” Tekashi for publicly denouncing the gang and humiliating Nine Trey. Later it was reported that Jim himself may have been an informant in the racketeering case that put Aljermiah “Nuke” Mack and Anthony “Harv” Ellison, and Tekashi on the stand. So far Jim Jones who has been active on social media throughout the trial has yet to publicly respond to any of the allegations or reports