Is Nas in Tax Trouble?

Heineken Red Star Access Philadelphia Featuring Nas, Wale And Q-Tip

Uncle Sam is a shady queen and no one understands that this week better than Nasir Jones. According to TMZ, Nas, who has been reported to owe millions in back taxes, lost his Georgia home to foreclosure. Whoever owns the house now got one heck of a deal on it, too.

The site reports:

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According to official records, Nas purchased the 2-bedroom, 3-bath pad back in 2004 for $585,000 … but according to SunTrust bank (which issued him the loan) … Nas couldn’t foot the bill and defaulted on the payments, still owing $507,000.

SunTrust recently foreclosed on the property and then sold it to the highest bidder at public auction last month for $348,500 … WAY LESS than the rapper paid eight years ago.

It’s a steal for the new owner — the house is over 3,500 square feet with a walk-in pool and hot tub … granite counter-tops … custom theater … gym and game room.

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