It looks like the Queen B is facing some financial difficulties. Kim has been living in her upscale Bergen County, NJ home since 2002, but will be forced to move out of it soon for failing to pay the mortgage.
When Kim first purchased the $3 million dollar home she agreed to make monthly payments of $9,935. Records show that she first began missing payments in 2009. In 2010, HSBC Bank slapped her with a lawsuit once her payments came to an halt. Throughout the years, Kim and her attorneys have managed to save the house by working out various agreements with the bank. However, HSBC has had enough and is demanding full possession of the property, as well as court costs.
In March, Kim and her legal teamed appeared in court and met with a HSBC representative, but they failed to come to an agreement. The pint size “Lil Kim Season” rapper is due back in court in June, if the problem at hand isn’t resolved then Kim’s home will be auctioned off at a sheriff’s sale.
As of December 2014, Kim owed the IRS over $100,000 in back taxes. Diddy recently announced that there will be a Bad Boy Family Reunion concert taking place on May 20 and 21, in Brooklyn, N.Y. Hopefully, it will help Kim pay the bank back before it’s too late.
