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A Houston mansion belonging to hip-hop star Chamillionaire was recently repossessed by the bank after falling into foreclosure.  Chamillionaire discussed the property with TMZ.com earlier this week, explaining that he decided to walk away from the home because it was losing him money.

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Chamillionaire purchased the home — which is more than 75-hundred square-feet — in 2006 for approximately two-million dollars.  The rapper says he’s always “on the road touring,” which made getting rid of the home an even easier decision.  Chamillionaire is currently working on his third studio album, “Venom.”  The record was slated to drop on June 22nd, but has been pushed back to a yet to be determined date.