For months MediaTakeOut.com has been hearing whispers that Wyclef Jean of the Fugees may be having some financial difficulties. Now for the first time, we're seeing evidence of that. According to the Palm Beach Post, the bank has seized a home that Wyclef was having built in Miami.
Here's an excerpt of the report:
The former guitarist of The Fugees borrowed $2 million from Home Equity Mortgage Corp. in 2004.
He wanted to rebuild a canal-front home next door to Kennedy clan stalwart Anthony Shriver, Mariaís little brother.
But a series of construction liens filed since then shows the Pine Tree Drive project was burdened by a heap of financial trouble...
In 2008, the projectís architects put a lien on the property, according to court files. Theyíve been trying to get their $75,000 since 2004.
In all, Jeanís corporation now owes the bank $2.4 million, according to the judgment.
And to all you MediaTakeOut.com readers looking to take advantage of Wyclef's current financial troubles, the home will be auctioned off Dec. 12 in downtown Miami. Not sure how much it's worth, but our advice ... BID LOW!!!
He's ruining the neighborhood with this unsightly mess! I know his neighbors are ***!
*** wats wit these celebs an their home foreclosing. recession?
*** IS EVERYONE IN MONEY TROUBLE
***.....that's kinda crucial dude.
I dont believe that Clef is broke.
He has alot cheese
ACTUALLY MTO. SH!T, WE ARE IN A RECESSION. TIME IS HARD ON EVERYBODY, EVEN THE RICH.
clef is alright, all he has to do is sell the zonda and the mclaren
man the economy is horrible so its effecting everybody
THIS IS JUST GREED WYCLEF HAS A HUGE MANSION IN NEWJERSEY SO WHY WAS IT NECESSARY TO BUILD THIS HOUSE IN MIAMI....HE SHOULD HAVE GIVEN MORE TO THOSE STARVING PEOPLE IN HAITI THAN TO BUILD ANOTHER HOUSE HE DIDN'T NEED.......ALL THESE PEOPLE DO IS BUILD MORE AND MORE HOUSES AND NOT FEED THE POOR THEIR OWN PEOPLE...HE DOES NOT GIVING ENOUGH TO THOSE STARVING HAITIANS...
***DEAD*** @ chitownbaby. you are too funny
It;s his own fault... oh well!!! he needs to trade in some of his luxury cars,,,
@CHITOWNBABY.. YOUR SICK AS HELL! I DON'T BELIEVE CLEF IS BROKE.
*** SAYS:WHY WERE U LATE?
HE PROBABLY FORCLOSED BECAUSE YOU CAN FIND COMPLETE MANSIONS IN MIAMI RIGHT NOW FOR $50.00 LOL, PROPERTY IS SO CHEAP IN MIAMI RIGHT NOW CONDO'S THAT WERE 1 MILLION IS GOING FOR TWENTY THOUSAND....THAT'S WHY ALL THESE PEOPLE ARE FORCLOSING BECAUSE THEIR PROPERTIES ARE NOT WORTH THE PRICE..
SHOULDA KNOWN TO INVEST
ITS THE RECESSION!!!!!!!!!!!!!
if true ... that's unfortunate ... :/
omg r u serious his house is not even finish building yet.....wats goin on wit dese celebs now adays....
Times are hard!
IT'S FUNNY HOW (THE LACK OF) MONEY CHANGES A SITUATION.....WORD TO LAUREN HILL!
Kharma is indeed a Bytch....Guess how he has been playen his wife out is finally coming back o bite him in the ***.
F u c *** Wyclef....that one was for Lauryn Hill.
I ALMOST FELT BAD FOR HIM, BUT I CHANGE MY MIND WHEN I REMEMBER HIS TERRIBLE SINGING VOICE. SOMEONE PLEASE CALL 911 WAS MY *** EXCEPT FOR WHEN HE TRIED TO SING ON IT.
HE SHOULDA JUST LET MARY SING THAT ALONE.
Thats messed up
He probably can't finish building this house, but I doubt if he's broke. If he is, he needs to be kicked in the arse!!!
that's a structure, that's not a house. serves him right for cheatin' on his wife with lauryn
@PRETTYBOY.SORRY BOO YOU KNOW HOW I DO.. LMAO I HAVE A HANGOVER TO SO I AM FULL OF JOKES THIS A.M.WHATS GOOD?
I don't think this means he is broke.
Sell 1A d cars..or 2
He's a good man so he'll be fine. He spent a lot of time in Haiti this year helping after Ike so I guess he realized that MIA could get hit next. LOL
He still has the one in Jersey (I think)
Just cause his house is gone gone
It don't make him broke, no
he is not broke,he just didnt pay his bills,but that man got money
YOU JUST LOST ONE CLEF!
This is why Black people have no knowledge, it's under his corporation. He took 2.4 million loan and didn't pay back a dime and his personal credit is un harm. Thats the American way......
mto and it's stupid readers think chapter 7 means broke...it means I'm keeping my bently and house.
@SUMMER I DID CHAPTER 7, 11 NEXT I AM DOING 21 SON!
Too bad Wyclef. Keep yo head up bruh! A new day is coming!
WHO IS HE???
ewwww he built his home like a refugee camp...now thats going to far....
he was in a group called the fugees (a group back in the 90's) with laruen hill and some another guy
to mto late people, saw this yesterday on t.m.z. he is not broke just didn't pay his bills that's all. I wish rich folks pay their bills they got the money to do so
i don't think he is broke...just realized he was building a prison and quit!!!
THIS MAN IS NOT BROKE NEXXXXXXT.HE STILL MAKIKNG MONEY OFF OF THE FUGEES, SHAKIRA SHAKIRA ETC.
I AM NOT SURE I BELIEVE THIS .I JUST READ IN ESSENCE WHERE HE SENDS A LOT OF MONEY BACK HOME (HAITI). GETTING READY TO BUILD A SCHOOL. WE CAN'T ALWAYS BELEIVE HOW MTO PUTS OUT NEWS THERE IS ALWAYS A REASON WHY SOMETHING LIKE THIS HAPPENDS .MTO NEVER TELLS THE WHOLE STORY. HE IS NOT BROKE I KNOW THAT.
thats messed up
Maybe it ended up being a bad investment for him.
A good portion of America has been foreclosed on he aint the only one.
Just walking away from a bad investment. Why pour money into something that will only decrease in value. ***, MTO you guys have the dumbest headlines sometimes. (Or should that be "most of the times."
LMAO @ "Bid low", MTO. Idiots.
I DONT BELIEVE THIS AT ALL...
He need to sell 50 of those cars he owns.
I believe it.. on some ingga hsit... SLAP!!! wake up people cmon snap out of it
WOWZERS IT'S THAT BAD???
THERE BETTER BE A 'HIPS DON'T LIE PART2'!
probably the Kennedy's doing. They didn't want a "rapper" living next door to them.
Entertainers make good money...they're not educated enough to know what to do with it...the first piece of money they get, they run out and buy some big *** house, without thinking about property taxes, heating and cooling expenses for that monster of a house...they just *** up their money, and be the laughing stock of those exclusive neighborhoods when they can't afford to keep up...entertainers better know this...there is always someone better, stronger, and more successful than them that will kick they *** off the throne...here today...dayum sure gone tomorrow...they better save that dayum money and get somewhere and sit the *** down...
Have to co-sign w/ Prettyface, this is ridiculous, they need to educate themselves and not depend on their managers. Pay for at least one moderate home so you will have somewhere to go if times get hard then you can move up to something more elaborate later if you like. This is too much. Sign your own checks people!!!!!
Dang, 400K in interest and fees?!?!? American businesses once again show us how we got into the economic crisis.
what else can be said, but we're in a recession....
he not broke though............
*** EVERBODY GOIN BROKE NOWADAYz
is it me but WYCLEF is soo lame!! he wants 2 b jamaican sooooo bad!! he would of had lauryn's tribe of yung marley's by himself if he could!!
get ur mind right and ur finances in order..
Foreclosure is NOT the NEW CUTE!!LMAO!
Jean's charity to help Haitians has failed to file tax returns for eight years.
1.) Yele Haiti (Wyclef Jean Foundation)
Former Fugees member Wyclef Jean's charity aims to address educational, environmental and emergency-relief issues in his native Haiti. It has a slick Web site and financial support from Brad Pitt and Angelina Jolie but has not filed a US tax form since 2000. An insider at the charity told The Post that where the money goes in Haiti is a mystery, or if part of the haul went to purchase a television station in Port-au-Prince. Charity President Hugh Locke said, "We are in arrears in our filing." He said that large donations go directly to projects in Haiti, where the organization is registered as a charity. He said the missing IRS *** would be filed by the end of the year. The forms are required to allow them to receive donations that can be tax deductible and to avoid paying taxes on their donations. The charity also has not completed the required New York state registration, according to Attorney General's Office records. Meanwhile, Jean owes the state of New Jersey $183,172 in personal income tax, a sum Jean's spokesman said last month the singer was in the process of paying.
I truly doubt if hes broke but at the same time if he had it like dat he wouldnt borrowed the ca$h in the first place.
This house, if it a house don't look like it's fit to live in..... MTO lies lies and more lies
guess i aint the only 1 broke!!!
hmmm...oh well...the house isnt even that big so....
CHITOWNBABY YOU TOOK THE WORDS RIGHT OUT OF MY MOUTH I WAS GOING TO SAY THE SAME THING SO SINCE YOU SAID EXACTLY WHAT I WAS GOING TO SAY ILL SAY THIS....
READY OR NOT HEAR I COME YOU CANT HIDE/GONNA FIND YOU.....
AND TO THAT IM REFERRING TO THE LOVELY BANKERS THAT IM SURE WILL BE CALL 911 AND FINDING WYCLEF FO SHO!!!!!!!!!
i DONT BELEIVE THIS
The picture looks like he's thinking what the caption says. mto! LOL
Notice this is just ONE home that has been foreclosed on. Don't think this man has no other homes in which he has made solid investments. The thing is - he is not a singer - and as long as he can contribute and produce and write for others, he can keep somewhere to live - just perhaps not THIS house. Don't get it twisted people - the guy ain't broke!
change has come !!
the rich get broke and the broke get rich..
yeah, hes not broke- but its still a *** shame! we cant be poorly managing money like this...
No problem mon...he has other homes that he can live in.
Why don't I feel sorry for those celebs with all that money who go broke because of mismanagement?
so the hatian doesnt know how to manage his money?
***!Black people don't know how to handle money!
@chitownbaby LMAO! CRAZY ***! 911! LOL HAHHAH
HE IS STRAIGHT! EVERYBODY GOIN THRU SOMETHANG BUT HEY HE BE OK!
WELL IT HAPPENS
where are his other houses?
This is why people *** try to live beyond their means, money runs out...spend it wisely! And I don't feel bad for these celebs that are losing stuff! Welcome to the real world!
SORRY BUT THAT IS A UGLY AZZ HOUSE.
its not even done
his crusty azz is broke?
men.....i dont believ that.
Times are tough these days...
say it aint so clef!!!!!!!!!!!!!!
This is a *** lie. You idiots even showed us pics of his crib and if I remember correctly, it didn't look nothin like this. GTFOH!
i will never understand why all these celebs is going bankruptcy...you have all these money and have no F&cking clue what to do with it? I have no sympathy for clef or any celebs. Dammit...hire a f#cking accountant!
*** it Chitown - get outta my head. I was just thinkin the same *** thang, lol.
Singin "Someone please call 911 - cause my mortgage been *** down..."
all dem million dollar cars
For some reason I don't belive this story.
MTO TELL THE ENTIRE STORY............THAT IS NOT THE HOME HE LIVES IN..........HIM AND HIS INVESTOR FRIENDS WERE BUILDING THE HOME AND THINGS DID NOT WORK OUT!!!!!!!!!!
IT IS NOT THE HOME HE LIVES IN!!!
^^ I'm glad somebody has the facts!!!!
that 'house' dont even look like its been lived in..
mto. ya'll are a trip. im like greyeyedchyck...tell the whole story! shame on mto!
STOP 'WADDLING' IN OTHER FOLKS MISFORTUNES!
I PRAY EVERYTHING WORKS OUT FOR HIM AND HIS FAMILY....
@PHOENIX...SORRY I MISSED YOUR POST FRIDAY..I HAD TO TAKE MY SON TO THE E.R....BUT LUV U BABYCAKES!
someone please call 9-1-1
if he couldn't afford to keep a nice roof on that other house, i don't know how he thought he was going to pay for a new 2 million dollar home!
mto ya'll know you wrong~
Why is it that so many celebs want to live above their means. Stop living high on the hog just because you have it. Learn to SAVE...
Well the house isn't finished anyway. He should get a new accountant.
WAS THIS MIAMI OR HATIE
he needs to just go sit down somewhere
That was about to be on OOOGLY house!
That stupid Wyclef Jean, he's ruining the reputation that Haitian people have of being very financially conservative. Haitian people are not known for going on spending sprees even when they have more than enough funds.
If it is true...and thats a big If where are all his rich celeb buddies at! Stars walk around and usually are only seen with other Stars they dont give us regular hard working people the time of the day so how come he couldnt get some money from one of them?