Ketih Sweat Still in Deep Debt After Foreclosure


R&B singer Keith Sweat has fallen hard on financial times, as his home was foreclosed on and went to the bank, but he's still $250,000 in debt.

TMZ broke the story, revealing that Sweat fell behind on the $450,000 mortgage for his Detroit home, which was already drowning underwater. When it sold for $200,000 the money owed wasn't even cut in half.

PMI Mortgage then sued Sweat for the remaining balance, $253,000, and since Sweat failed to respond in court, the judge ruled in favor of PMI. The company has since filed a lien on Sweat's Georgia property in an effort to collect their money.

Source: TMZ

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