Less Money, More Problems :: Keith Sweat Being Sued for $250,000

50-year-old Keith Sweat seems to be experiencing foreclosure woes. According to TMZ, after the bank took his house, which was foreclosed, Sweat is still being held responsible for $250k.

R&B singer Keith Sweat is singing the foreclosure blues … because even after the bank took his house and sold it … he’s still on the hook for $250,000 — this according to a new lawsuit. PMI Mortgage filed the lawsuit against Sweat in Georgia — claiming the singer defaulted on a $450,000 mortgage on his Detroit home, which he purchased in 2004. Problem is — the house was drowning underwater … so when the bank sold it, it only recouped $200,000 … a fraction of its losses. PMI Mortgage sued Sweat for the balance — $253,000 — and since Keith failed to respond, a judge ruled in PMI’s favor. PMI has since sought a lien on Keith’s Georgia property in a last ditch effort to get its money.

No word from Keith’s camp, besides an inspirational tweet that he sent out early Monday morning.

Meanwhile, Sweat still seems to be bringing in income, performing at concerts and intimate shows (like BB King’s).

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