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  • R Kelly's Mansion in Foreclosure

    Thu, 14 Jul 2011 10:28:46

    R Kelly's Mansion in Foreclosure - It's located in Chicago

    R. Kelly Photos

    • R. Kelly - ATLANTA, GA - AUGUST 31: Recording artist R. Kelly attends VH1 Rock Docs - ATL: The Untold Story Of Atlanta's Rise In The Rap Game Premiere at Rialto Center for the Arts on August 31, 2014 in Atlanta, Georgia.
    • R. Kelly - ATLANTA, GA - AUGUST 31: Recording artist R. Kelly attends VH1 Rock Docs - ATL: The Untold Story Of Atlanta's Rise In The Rap Game Premiere at Rialto Center for the Arts on August 31, 2014 in Atlanta, Georgia.
    • R. Kelly - LOS ANGELES, CA - JULY 17: (L-R) Olympic snowboarder Kelly Clark; comedians Garrett Hilbert, Tyler Toney, and Coby Cotton of Dude Perfect; and TV personality George Lopez speak onstage during Nickelodeon Kids' Choice Sports Awards 2014 at UCLA's Pauley Pavilion on July 17, 2014 in Los Angeles, California.

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    R. Kelly Videos

    • R. Kelly - Wake Up Everybody (Audio)
    • R. Kelly - Marching Band (Audio)

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    Famous R&B stars aren't even safe from the mortgage crisis, as R. Kelly is reportedly facing foreclosure on his suburban Chicago mansion.

    According to Crain's Business Chicago, Kelly is up against a $2.9 million foreclosure lawsuit due to claims that he has failed to make mortgage payments on the home since June 2010.

    Some of the fine print: The suit was filed in Cook County Circuit Court last month by JPMorgan Chase Bank over the 11,140-square-foot home built by Kelly in the south suburb 11 years ago. Kelly has not resided in the property for approximately a year and ceased making payments in an attempt to force the bank to negotiate a loan modification on the home, which has six full bathrooms, seven half bathrooms and a four-car garage. It appears to be like a short sale situation, as the home is worth less than Kelly owes on it.

    What do you think of R. Kelly's mortgage issues?

    —Amy Sciarretto
    07.14.11




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