Birdman Reportedly Forced To Surrender His $12M Mansion

The mogul's financial woes have hit another rough patch.

Published January 17, 2018

Birdman’s financial woes have reportedly taken a turn for the worst. The Cash Money mogul was reportedly forced to surrender the keys to his luxurious $12 million mansion in Miami, The Blast reports.

According to court documents obtained by The Blast, Baby was ordered to vacate the premises immediately. He was also asked to surrender access to his security system.

The repossession of his home stems from a strenuous lawsuit with EMG Transfer Agent, which accused the producer of failing to pay a $12 million loan. The mansion, which was bought for $14.5 million in 2012, was ultimately put up as collateral for the loan, according to The Blast.

The court reportedly appointed a representative that will seize control of Birdman’s former residence, along with its contracts, leases and rental agreement. The rep will also hold on to the home’s furniture and equipment, including several recliners in the theater room, golden chairs and foyer.

A judge mandated that the property cannot be sold or transferred until the entire legal issue is resolved. It can be rented or leased in the meantime, however. It is unclear where Birdman is moving to, but maybe he'll move in with his reported boo, Toni Braxton.

Written by Jessica McKinney

(Photo: Jerod Harris/BET/Getty Images for BET)

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