On March 19, he was supposed to pay a sum of $2,214,667 on the home, but Young Thug failed to make that payment, according to the lawsuit filed by Atlanta-based firm Knight Johnson, LLC.
The home features an indoor pool and hot-tub. It is more than 11,000 square-feet, has six bedrooms, 11 bathrooms, a full bar, a theater room and a four-car garage.
This is the second time this week Young Thug has been in the news for something other than his music. TMZ reported on Monday that a case against him for battery was thrown out for lack of evidence.
In February, a New York event organizer also filed a lawsuit against the rapper for not showing up to a concert. He was also named in a Dec. 2016 lawsuit filed by Lil Wayne's bus driver in Cobb County.
The rapper says his money is "longer than a NASCAR race" but it might be a bit shorterif he has to settle up with a few lawyers.
Read the full lawsuit filed by Knight Johnson, LLC: