Wednesday, January 12, 2011

Young Buck's BMW SUV headed into Foreclosure

By The Hip Hop Writer
Hip Hop Vibe Staff Writer

Earlier this week, G-Unit artist, Lloyd Banks spoke about how he has maintained his wealth in the game. 50 Cent also boasted of how he made a quick $8 million this week. Things are going well for the G-Unit crew. But, on the other end, things are looking bad for the former G-Unit members.

Young Buck has had financial problems ever since 2007. 50 Cent brought this to light after he ousted Buck from G-Unit. He said that Young Buck's problem was the he outlived his means. Many times, says 50, he tried to help him manage his money. 50 Cent said it is his fault, alone, that he is in this situation.

Wells Fargo's Tennessee division is preparing to foreclose on a 2002 BMW X5. Young Buck is behind $5,000 in payments for the vehicle. When he filed Chapter 13 bankruptcy last year, the bank was supposed to take the vehicle then, but they did not. But, with Young Buck's situation worsening, they have no choice but to take his vehicle.

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