The Celebrity: Nas
When He Faced Foreclosure: October 2012
Why It Happened: In 2004, Nasty purchased a 3,500-square-foot home in Georgia for $585,000 and took out a mortgage to pay for it. But as of last year, he still owed $507,000 on the property and had fallen way behind on payments. So the bank that he borrowed money from took the home from him and auctioned it off for $348,500.