“Let me give you the short business answer. I bought the house in Houston. I have multiple mortgages. Some for me, some for other people. This house was my most expensive mortgage. I decided to let that house go, because the house ended up being worth nothing when the market went down and I decided to just let it go and give it back to the bank. It wasn’t a situation where they came and took it from me. I just didn’t feel like it was a good business investment, to keep paying that much mortgage on a house that I was never at. Don’t try to take this to a point where Chamillionaire has money problems. There was no financial negligence, none of that. I’m still a Chamillionaire. When I’m a Cha-thousandaire, then you’ll have a real story. ”

Chamillionaire: I Chose To Be Foreclosed On [TMZ via Daily Intel]

Comments (47)

  1. Posted by Anonymous | June 7, 2010 at 1:34 PM

    I see nothing of any great interest here?

    _Barrack Hussein Obama

  2. Posted by Anonymous | June 7, 2010 at 1:35 PM

    I was hoping for a “they see me rollin’, they hatin’” tag.

  3. Posted by Anonymous | June 7, 2010 at 1:37 PM

    Yo Dawg, you ridin dirty?

  4. Posted by Anonymous | June 7, 2010 at 1:38 PM

    They tryin’ to catch me runnin’ out of money!

  5. Posted by Nuppals | June 7, 2010 at 1:38 PM

    Chamillionaire, bringing you such hits like:

    –The end–

    -Guy who doesn’t listen to Chamillionaire, but will probably create a pandora station entitled ‘Forclosure Rap’ tonight while tugging it.

  6. Posted by trojan | June 7, 2010 at 1:42 PM

    Y’all don’t hear me though these record labels slang our tapes like dope;
    You can be next in line, and signed, and still be writing rhymes and broke
    You would rather have a Lexus or justice? A dream or some substance?
    A Beamer, a necklace or freedom?

  7. Posted by Anonymous | June 7, 2010 at 1:43 PM

    He should of invested with LeBoof Capital.

  8. Posted by Anonymous | June 7, 2010 at 1:46 PM

    it’s early but… ftw @5

  9. Posted by Anonymous | June 7, 2010 at 1:50 PM

    Chairman and CEO of Dental Bridge Capital.

  10. Posted by Anonymous | June 7, 2010 at 1:52 PM

    nice grill

  11. Posted by Anal_yst | June 7, 2010 at 1:55 PM

    White & Nerdy?

  12. Posted by Anonymous | June 7, 2010 at 1:59 PM
  13. Posted by Anonymous | June 7, 2010 at 2:01 PM

    Uh, who shot Biggie Smalls
    If we don’t get them
    They gonna get us all
    I’m down for runnin’ up on them
    Crackers in they city hall

  14. Posted by Anonymous | June 7, 2010 at 2:02 PM

    He looks like a foreskin with teeth.

  15. Posted by Anonymous | June 7, 2010 at 2:03 PM

    @13 – read your comment just as that bit of the song played.

    FIST BUMP YEAH

  16. Posted by HULK BROGAN | June 7, 2010 at 2:06 PM

    N**** don’t think these record deals
    Gonna feed your seeds
    And pay your bills because they not
    MC’s get a little bit of love and think they hot
    Talkin’ ’bout how much money they got

  17. Posted by Anonymous | June 7, 2010 at 2:06 PM

    and in the not getting it/giving a shit category…..

  18. Posted by Anonymous | June 7, 2010 at 2:11 PM

    Dontarius Jackson
    Betty & LaTinka Battle
    DeRoyce Green
    Chavelle Butz
    John Bascomb

  19. Posted by Anonymous | June 7, 2010 at 2:13 PM

    Who can blame the guy…Houston is a hot mess

  20. Posted by Motives Pure | June 7, 2010 at 2:14 PM

    This guy needs to go away one way or another. What a scourge on society. Some lyrics:

    “I been drinkin and smokin holdin shit cause a brother can’t focus
    I gotta get to home ‘fore the po po’s scope this big ol Excursion swerving all up in the curve man
    Nigga been sippin on that Hennessey and the gin again is in again we in the wind
    Doin a hundred while I puff on the blunt
    And rollin another one up, we livin like we ain’t givin a fuck
    I got a revolver in my right hand, 40 oz on my lap”

  21. Posted by Goldteef | June 7, 2010 at 2:16 PM

    Crunk!

  22. Posted by Anonymous | June 7, 2010 at 2:17 PM

    Y’all,

    There’s no financial negligence here, it’s just that my most expensive mortgage was for a home which I never used, and I have absolutely no idea what the difference between being “underwater” and my house being literally worthless is. I chose foreclosure over selling it at a loss because I have better shit to do with my time. Just relax everyone, I’m not too worried about it. Besides, foreclosing while holding a rap name of “Chamillionaire” is a lot better than murdering someone while holding a rap name of “C-Murder,” for instance. Just sayin’.

    -C. Millionaire

  23. Posted by Anonymous | June 7, 2010 at 2:18 PM

    LEEEEEROY JENKINS!!!

  24. Posted by Anonymous | June 7, 2010 at 2:36 PM

    He should have gone with Wu Tang Financial

  25. Posted by Anonymous | June 7, 2010 at 2:37 PM

    C-dog,

    Get out of here. Go to Liberia.

    - Helen Thomas

  26. Posted by Anonymous | June 7, 2010 at 2:41 PM

    I can’t believe this happened to him, he was always so bright in school.

    Labeefa Jones, P.S. 133 Principal

  27. Posted by anonymous | June 7, 2010 at 2:43 PM

    For real, homie try and unload his pad up in this bitch, he ain’t be getting fitty cent on the dallah

  28. Posted by Anonymous | June 7, 2010 at 3:03 PM

    @20 – The verse you’re citing isn’t Chamillionaire.

    Educate yourself.

  29. Posted by Anonymous | June 7, 2010 at 3:06 PM

    I would very much like a piece of this man.

    - Oscar mayer (always in search of big lips and assholes)

  30. Posted by Anonymous | June 7, 2010 at 3:07 PM

    @28, you idiot cracker, yes it is.

  31. Posted by Manya | June 7, 2010 at 3:10 PM

    JERRY: Well, when do I get my dinner?

    CHAMO: There’s no dinner. The bet’s off. I’m not gonna do it.

    JERRY: Yes. I know you’re not gonna do it. That’s why I bet.

    CHAMO: There’s no bet if I’m not doing it.

    JERRY: That’s the bet! That you’re not doing it!

    CHAMO: Yeah, well, I could do it. I don’t want to do it.

    JERRY: We didn’t bet on if you wanted to. We bet on if it would be done.

    CHAMO: And it could be done.

    JERRY: Well, of course it could be done! Anything could be done! But it only is done if it’s done. Show me the levels! The bet is the levels.

    CHAMO: But I don’t want the levels!

  32. Posted by Anonymous | June 7, 2010 at 3:15 PM

    Cha-negative net worth-aire.

    Your only assets are your grill, your crunk cups and crowns, and those gold-plated chains around your neck.

  33. Posted by Anonymous | June 7, 2010 at 3:15 PM

    @30 – It’s Ridin Dirty, but that verse is Krayzie Bone. Which is also one of the worst names of all time. Coincidentally, krayzie bone is also the phrase your girlfriend uses when she’s texting me to come over in the middle of the night.

    -28

  34. Posted by Anonymous | June 7, 2010 at 3:16 PM

    Hail Me Ironical

  35. Posted by guest | June 7, 2010 at 3:18 PM

    @34 not bad.

  36. Posted by Anonymous | June 7, 2010 at 3:18 PM

    I find urban culture very interesting.

  37. Posted by Anonymous | June 7, 2010 at 3:26 PM

    @24

    I hear Wu-Tang Financial gives great advice on bond diversification strategies.

  38. Posted by Anonymous | June 7, 2010 at 3:31 PM

    Look on the bright side, all the stripper poles and scarface posters should make this house very attractive for potential buyers….

  39. Posted by Anonymous | June 7, 2010 at 3:36 PM

    Dat boy is just plain ugly.

  40. Posted by Anonymous | June 7, 2010 at 3:41 PM

    guess the royalty checks from the ridin’ dirty ringtone sales stopped coming in

  41. Posted by Investorcluzo | June 7, 2010 at 3:56 PM

    since when did 5th ward get expensive houses? I know he’s not living in river oaks…just sayin’

    -ghetto boys (still keepin’ it real)

  42. Posted by PhillySteve | June 7, 2010 at 5:11 PM
  43. Posted by Vince in Jail | June 7, 2010 at 5:24 PM

    Cham-WOW!

  44. Posted by trojan | June 7, 2010 at 7:28 PM

    @13, 15, 16

    First Dead Prez.

  45. Posted by Anonymous | June 8, 2010 at 4:57 AM

    who is this “chav”?

  46. Posted by Anonymous | June 8, 2010 at 9:31 AM

    is it me, or does this guy look like a lizard?

  47. Posted by OFFSHORE AZ | June 8, 2010 at 4:44 PM

    Love it – when rappers start talking about strategic default they are finally losing the entouorage and getting real f*cking help, reading business magazines, or both. Don’t knock the hustle…

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