June 03, 2010 06:11:00 PM CDT
by Sean RyonShare
Houston rapper Chamillionaire allowed his $2 million mansion to go into foreclosure. According to the hit-maker behind songs like "Ridin' Dirty" and "Hip-Hop Police," his extensive touring schedule kept him on the road for so long that owning a 7,583 sq. foot mansion became more of a hassle than a luxury.
"I chose to be foreclosed on…I was always on the road touring," he said. “I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at."
Although he admits he did stop making payments on the house as the housing market began to decline, he told TMZ that he is not broke. He still owns all of his other houses and cars, and in a recent Twitter post, even purchased another mansion this one's place.
From HipHopDX.com
http://www.hiphopdx.com/index/news/id.11391/title.chamillionaires-mansion-foreclosed
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