Diamond spoke with XXL Magazine and explained her situation about repossession and foreclosure on home. I know my thoughts on the situation and I will let you create your own.
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.
That car was not repossessed,” she explained. “I got into an accident with my new Porsche truck and totaled it. Eight days later, I got the Camaro to hold me over until the insurance company sorted out the accident and I figured out if I wanted to get another Porsche truck or whatever. When I bought the car, I did enough (paperwork) to drive it off the lot. There were other documents they needed to complete the sale and I was sending those over. The person in charge of the remaining documents was not at work when I sent them, so that’s how everything got mixed up. It was nothing that I did. Besides, how can the car be repossessed if I just bought it? It wasn’t due for a payment, so how can I be late enough for it to be repossessed?
Share on FacebookIt’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.
