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newsMar 12, 20261:11

Ye Loses Lawsuit, Malibu Mansion Faces Foreclosure

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Ye loses lawsuit over Malibu mansion renovations, ordered to pay $140k; contractor Tony Saxon sought $1M for unpaid work and claims. Ye bought the property in 2021, sold it for $21M in 2022, incurring a $36M loss. New owner Belwood Investments faces foreclosure, aiming to convert the site into a crypto-backed timeshare.

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Ye Loses Lawsuit, Malibu Mansion Faces Foreclosure

Hip-Hop News Today | 2 Min News | The Daily News Now!

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Full transcript

Hip-Hop News Today | 2 Min News | The Daily News Now!Ye Loses Lawsuit, Malibu Mansion Faces Foreclosure. Machine-transcribed; use the interactive transcript above to jump the player to any line.

On March 11th, YA Way recently lost a lawsuit against contractor Tony Saxon over renovations to his former $57 million Malibu mansion. A jury in downtown Los Angeles ordered him to pay $140,000, far short of the $1 million Saxon had sought for unpaid. Work and other claims. Saxon worked as project manager for seven weeks before getting fired, saying he dealt with shifting plans, safety issues, and injuries from demolition. In the past, YA-Y described his memories of the hiring as vague during testimony. The beachfront property created headaches from the start after YA Way bought it in 2021 and gutted it for an overhaul. He sold the bear concrete shell last September for just $21 million, locking in a $36 million loss. Meanwhile, the new owner, Bellwood Investments, ran into trouble by defaulting on an $18.5 million mortgage with over $8. $114,000 in mispayments by late 2025.

Now facing foreclosure, they're trying to turn the site into a crypto-backed member's only time share, marking yet another twist for this troubled. Asta Go!

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