The case of Diddy’s villa

A … idea of ​​the rapper Sean Diddy Combs to repay his guarantee, aroused the interest of the American press.

This is because Sean Diddy Combs, 55 years old, is accused of a long list of crimes, such as sexual exploitation, blackmail and prostitution of people – and faces life imprisonment if found guilty of all charges, after his trial that is being held at this time in court. New York.

He has said innocent of all charges and categorically denies all charges against him, according to CNN.

The trial of Sean Diddy Combs comes eight months after his arrest and charges of federal agents in New York on September 16, 2024 – during which he remains imprisoned, after his judge refused to release him shortly after his arrest.

Diddy and the villa

During his hearing for his guarantee, the rapper offered his $ 48 million in Miami as the same villa in which he raided internal security agents in March 2024 for his alleged crimes.

The agents also raided his huge Los Angeles villa in the aristocratic neighborhood of Holmby Hills, a property that has since put on the market for $ 61.5 million.

The house remains on the market since September 8, despite the arrest of its owner – a fact that raises the question: Can Combs proceed to sell if convicted?

The combs can sell the property even if he finally serves a penalty for the charges he has been told – however, what will make money from the sale could well be a matter of the principles.

« In general, he can sell his home, but given the legal action against him, the court will probably have a say in the way in which the revenue will be donated, » Realtor.com, who works with the Wall Street Journal, Kara Amir, Coldwell Banker’s Mestikos.

Justin Papernie, White Collar Advice, adds that Combs may well have an even greater motivation to move on with an agreement.

« In such a situation, cash is king, » Paperni explains, adding that « people seek to accumulate assets. »

However, if a sale is in the works and the combs is convicted, the federal government « can put the asset as a real weight » and have a say in where the money will go.

Paperni also explains that, if the Combs is convicted, the offer of money for the settlement in relation to the dozens of lawsuits against him would relieve his sentence.

Amir points out that Combs may well end up with too high costs at the end of the trial and may well need the money from selling the house.

However, given the stigma about the property, a sale at the desired price can be a difficult task.

If the Sean Diddy Combs withdraws the house from the market, he could always rent it as a « real estate » on Airbnb.

Paperni notes for the current demand price that Combs « can ask too much. People may not want the relationship with him. « 

The huge fenced -in property extends to 17,000 square feet to 1.3 acres and is described as « one of the most impressive and beautiful real estate in Holmby Hills ».

Although no interior photos are included in the listing, it is said to have a cellar, office, gourmet kitchen with a family room and a separate catering kitchen. A « state -of -the -art theater » can accommodate up to 35 people.

Upstairs is the main suite with double bathrooms and large wardrobes, and a wide corridor leads to all the suites of visitors and families.

In addition, the property includes a two -storey hostel with a large gym, recording studio and visitors’ bedrooms. The garden also has lawn, mature trees, official gardens, waterfalls pool and cave, basketball court, spa, barbecue, bar and pizza oven.

Maintenance of the estate could also add financial pressure to the owner, and only home taxes are about $ 500,000 a year.

Bo Belmond, of the Belwood Estates investment company, offered half the sale price.

Belmond is the same property investor who bought Kanye West’s abandoned seaside home in Malibu for $ 21 million, for which he was asking for $ 39 million and bought for $ 57.25 million.

Belmond announced that he had offered $ 30 million for the property, which he previously described to Realtor.com as a « stigma », which he wants to reshape, which is valued somewhere between $ 8 million and $ 12 million.

Combs allegedly paid $ 39 million for the property in 2014, so it would be a loss. It seems that he had received a $ 25.3 million mortgage loan for the home at that time.

Source: ot.gr