Thursday, April 21, 2011

“Prince among Men”


Property in Minnesota owned by venerable pop star Prince is set for a foreclosure auction in May if delinquent payments aren’t made.  It would be hard to find a buyer for any house on the property, though, since the ceilings are all only 4 feet high.

Of course, since the property belongs to Prince, no matter when he sells it or for how much, it will be a short sale.

If he loses the property to foreclosure, Price may change his name to The Artist Formerly Known As Rich.

In the foreclosure proceedings, the bank will be represented by a team of lawyers, while Prince will be represented by a squiggly symbol.

Prince has been delinquent on his payments for months, but because of his height, he is often mistaken for a juvenile delinquent.


Instead of trying to restructure his loan, Prince continued to finance like its 1999.

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