keith sweat*Be glad you’re not Keith Sweat.

The singer’s got some foreclosure issues to that he’s got to deal with, says TMZ.

Here’s the deal: Even after the bank took his house and sold it,  he’s still on the hook for $250,000 — this according to a new lawsuit.

PMI Mortgage filed the lawsuit against Sweat in Georgia — claiming the singer defaulted on a $450,000 mortgage on his Detroit home, which he purchased in 2004.

Problem is — the house was drowning underwater … so when the bank sold it, it only recouped $200,000 … a fraction of its losses.

PMI Mortgage sued Sweat for the balance — $253,000 — and since Keith failed to respond, a judge ruled in PMI’s favor. PMI has since sought a lien on Keith’s Georgia property in a last ditch effort to get its money.

Calls to Mr. Sweat were not returned.