Photo: WENN
Nas's two bedroom home in Georgia has reportedly been lost to foreclosure.
The SunTrust bank has reclaimed the property to recover the $507,000 that Nas owes officials after defaulting on payments. According to TMZ.com, the house was bought in 2004 for $585,000 but was sold at public auction for $348,500 last month.
TMZ also reported on the rapper's financial troubles back in March, claiming that his lack of tax filings had led to Nas being in debt - up to $6,000,000 of it, to be exact.
They went on to say that it had even resulted in his wages being garnished via the music publishing organisations BMI and ASCAP.
Life doesn't seem to be so good right now for the 'Life Is Good' singer.
However, following his three sold out London gigs earlier this year, Nas has announced a 2013 gig at London's O2 arena - perhaps in the hope of making some of that money back.
The concert is due to take place on March 19 alongside Meek Mill, and will be the first time that either artist has performed at the venue.
£1 from each ticket sale will also be donated to the Amy Winehouse foundation, in honour of Nas's track 'Cherry Wine' which features Winehouse's vocals.
Watch the video for 'Cherry Wine' below:
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