El Chapo's Confiscated Mexican Homes Aren't Selling For Big Money As Expected

BYAron A.36.8K Views
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ALFREDO ESTRELLA/AFP via Getty Images
Mexican drug trafficker Joaquin Guzman Loera aka "el Chapo Guzman" (C), is escorted by marines as he is presented to the press on February 22, 2014 in Mexico City. Mexican drug lord Joaquin "El Chapo" Guzman has escaped from a maximum-security prison for the second time in 14 years, sparking a massive manhunt Sunday and dealing an embarrassing blow to the government. AFP PHOTO/Alfredo Estrella
The Mexican government isn't able to flip El Chapo's homes for what they are worth.

El Chapo was sentenced to life in prison earlier this year after a lengthy trial. Chapo has demanded a retrial but things are already moving forward with the confiscation of his assets. Three of his homes have already been repossessed and sold by the government. According to TMZ, the Mexican government is having serious trouble trying to sell El Chapo's home. They've already made $228K from half of the six homes they've sold. However, his most pricey residence has been a hard seller apparently. The home was going for $587k and included three stories. It was initially bought for the mother of his son. 

ALFREDO ESTRELLA/AFP via Getty Images

One of the homes being sold had some serious history behind it. Chapo apparently used it as a hideout spot after his first time escaping prison back in 2001. However, that probably wasn't really a selling point for any potential buyers. It later sold for $107,530. This was the same spot where government officials pulled up on him but he had a secret tunnel hidden underneath a bathtub. 

Two other homes of his sold for $64,589 and $55,725. The latter is another spot where El Chapo hid out while he was on the run from officials. 

Despite the unique history of the homes, people clearly aren't into the idea of laying their heads where El Chapo used to hide at. 


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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