Lost & Found: Hip Hop Underground Soul Classics is a double-disc album featuring previously shelved albums Center of Attention by InI and The Original Baby Pa by Deda. Both albums were recorded in 1995 and produced entirely by Pete Rock except for five overall tracks produced either by Grap Luva or Spunk Bigga; Neither album had been officially released until this compilation came out. Both albums were recorded in 1995, and were scheduled to be released through Pete Rock's Soul Brother Records label. The InI single, "Fakin' Jax", was released in that year and performed fairly well. Deda's song "Blah Uno" originally appeared on a live compilation released by Elektra which also gave a catalog number for the album which was then to be called "Every Man For Himself". Unfortunately, Rock's distribution deal with Elektra Records fell through, and plans to release the albums were subsequently cancelled because of issues over ownership of the masters. The Life I Live did, however, find its way onto the underground market through bootlegging.
In a 2006 interview, Pete Rock stated that BBE Records released this compilation without his permission.