Timbaland was facing foreclosure on his $2.6 million South Beach condo after falling more than $27,000 behind on fees from 2010 reports the Detroit News.
The hit producer was apparently unaware of the lien filed with the Miami-Dad County clerk back on August 10 of last year however and after the column’s writer revealed the debt to one of Timbo’s representatives, the Virginia native quickly had the situation handled. Just in time it appears because the condo association’s lawyer had filed paperwork to foreclose on the condo so the debt could be satisfied.
Someone from the producer’s camp told the Detroit News that the whole incident was a result of a clerical error and Tim’s financial team fired off a check to cover the assessments on the property.
“He’s the CEO, but he delegates to others,” said the insider, who explained that the producer depends on financial advisors to pay the bills so that he can focus on producing records.
“As soon as this was brought to our attention, it was paid immediately,” they added.
According to the attorney for the Murano Grande at Portofino Condominium Association Inc., the lien on the property could be released within a week.
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