The
music mogul is slamming the mother of his son Justin, Misa Hylton-Brim ,
with accusations of her spending the large monthly child support checks
he gives her, recklessly. As a result, Combs is being ordered to pay
more than $622,000 to Citibank in light of the fact that Hylton-Brim
stopped making payments on her New York home
Court documents obtained by TheJasmineBrand highlight a lawsuit filed by
Citibank against Combs and Hylton-Brim that accuses the former couple
of defaulting on a $712,000 loan for a New York home. Although Combs
co-signed a bank loan for Hylton-Brim, the court documents stated that
she stopped making payments on the home in 2010.
As
a result, Citibank demanded that Combs be held responsible for the
home, despite him not living there. From there, the bank sued Combs and
Hylton-Brim for $622,518.34 and requested that the court allow them to
foreclose on the home.
Responding
to the suit, Combs fired back, saying he only helped Hylton-Brim get
the loan because of her bad credit. He goes on to claim that
Hylton-Brims agreed to handle all the mortgage payments. If she honored
that commitment, then Combs wouldn’t be held accountable if she couldn’t
make the payments.
Combs’
reason for helping Hylton-Brim get the home stemmed from her raising
Justin, who was living with her, the mogul explained while mentioning
that he paid his baby mama substantial amounts of child support over the
years.
Part of what Hylton-Brim received was supposed to go towards paying her mortgage.
From
there, Combs accused Hylton-Brim of not being able to manage her
finances despite her getting huge child support checks from him every
month. In addition, the entertainer claimed that he helped Hylton-Brim
pay her mortgage on numerous occasions.
As
a result, Combs demanded that the Citibank lawsuit against him be
dismissed since it wasn’t his home and Justin now lives in California
and not with his mother.
Combs’
demands didn’t sit well with Citibank. The bank countered the Bad Boy
Records founder and CEO with claims that he was responsible for the
default on the mortgage payments.
As it turned out, things did not work out in Combs’ favor as the case closed on the same day. According to TheJasmineBrand, a New York judge rejected Combs’ claims last month and sided with Citibank.
As it turned out, things did not work out in Combs’ favor as the case closed on the same day. According to TheJasmineBrand, a New York judge rejected Combs’ claims last month and sided with Citibank.
As
it stands now, the entertainer and Hylton-Brim were ordered to pay the
$622,518.34 owed on the mortgage. In addition, the judge allowed the
bank to begin the foreclosure process on the New York-based home.
No comments:
Post a Comment