Rapper Diamond (formerly of Crime Mob) recently addressed the foreclosure rumors that have been circulating about.
When asked about losing her home to foreclosure, Diamond admits she stopped paying her note but she says it was a business decision, similar to something Donald Trump would do!
It was a business decision, plain and simple. I bought that house in ’02. It was a house I did live in at the time for about a year. But then I got into other rental properties and flipping my money and moved out of that house.
The recession hit and the real estate market was not doing what it was supposed to do, so instead of selling it, I rented it out. Then the rental market slowed down, too. So I asked myself, ‘Should I keep this house when no one is buying it or renting it?’ If I can’t sell it, recoup my money or have anyone rent out the property, then why would I keep it? So I decided to let it go to foreclosure last year.
Diamond added, “People do it all the time. Donald Trump does it. If a person can’t understand that, then they’re stupid.”
Diamond also says that the home went into foreclosure long before it hit the net.
“It’s kind of funny that this is coming out now because I let the house go to foreclosure a long time ago. I guess with the courts and it finally going on the market, all of this is just now coming out.
I’ve upgraded my place of residence four times since that first house. I don’t want to say where I live now, but I want my fans to know that I own the house that I live in now.
There you have it. Diamond isn’t homeless and she makes “Donald Trump-like” business decisions. She should be a millionaire any day now…