Nas Loses Georgia Home

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October 14, 2012 | 6:26pm EST

Rapper Nas has reportedly lost his Georgia home to foreclosure.
According to records, obtained by, the I Can hitmaker has defaulted on bank payments for the two-bedroom pad he bought in 2004 for $585,000, and now SunTrust bank officials have taken action to claim the home in a bid to recover the $507,000 he allegedly owes them.
Bank bosses recently foreclosed on the property and sold it at public auction last month for $348,500.