Reality TV stars Jim Jones and Chrissy Lampkin lived a fabulous lifestyle on their mortgage bank's dime. Their New Jersey mansion was recently auctioned off after they stopped paying their mortgage 9 years ago!
According to gossip blog Bossip.com, Jones and Lampkin, 48, last paid their mortgage in 2010. The $680,000 home was recently auctioned off for just $100 in foreclosure.
The U.S. National Bank Association sued the couple back in 2017 for defaulting on their mortgage loan. Jones purchased the house in 2006 with a $680,000 mortgage loan at 6.875% interest.
The 43-year-old rapper agreed to make payments of $4,467 each month, but he soon stopped paying the mortgage. He hasn't made a mortgage payment in nearly a decade.
According to his mortgage agreement Jones would be liable for the entire loan if he went into default.
The couple eventually agreed to a settlement to avoid foreclosure. But they never met the terms of the settlement and the house went into foreclosure.
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Rapper Jim Jones and his longtime Love, Chrissy Lampkin are officially off the market. The couple’s Love has stood the test of time
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Former Love & Hip Hop NY cast member Chrissy Lampkin, 42, was arrested following a bar fight in New Jersey in the early hours of Sunday, Dec. 29, Splash News reports. Lampkin, who stars in her own LHHNY spin-off with fiancé Jim Jones, was arrested following a bar brawl in Edgewater. Lampkin, real name Christine Lampkin, was charged with aggravated assault and disorderly conduct after the 2:30 am bar fight in which a woman was bloodied. The victim was reportedly hospitalized and treated for her injuries. Reports are that Lampkin took offense to the woman sitting on her sofa in the club's VIP section. There were no cameras rolling at the time of incident. After cooling her heels for a few hours in a 6x10 jail cell, rapper Jim Jones bailed her out.
Chrissy Lampkin mugshot: Splash News