Jermaine Dupri's home saved from Foreclosure auction

Rapper/producer JERMAINE DUPRI has managed not to lose his Atlanta and Georgia home just before it was due to go up for auction.

After losing Janet Jackson due to his love of strippers, the music-producer may lose his home. Its possible that Jermaine home and studio are headed toward foreclosure. Jermaine laid off his entire staff at So So Def Records.

The hip-hop star reportedly failed to keep up with repayments on a bank loan amounting to more than $2.5 million (£1.56 million) and the mansion was expected to go under the hammer at a courthouse last month (Apr11).

But the sale was cancelled at the last minute, suggesting Dupri had worked out a deal to keep the house.

Lawyers handling the foreclosure have refused to explain why the auction was axed.

The property problem is not Dupri's only financial issue - he is accused of owing almost $500,000 (£312,500) in back taxes on income earned in 2007.