Nas purchased a home in Atlanta eight years ago for $585,000 but defaulted on the payments and owed $507,000. That property was recently foreclosed and sold for $348,500. This was a smart move by Nas, why pay $507k for a property that only sold for $349k? Atlanta has a high rate of foreclosures due to most houses losing a lot of value over the years. Nas has a few houses so it was best to let this one go.
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