Chicago - Grammy-winning singer R Kelly faces a $2.9m foreclosure on his suburban Chicago mansion.
A Crain's Chicago Business publication reports that JPMorgan Chase Bank filed the foreclosure lawsuit last month. The complaint states that Kelly hasn't made monthly mortgage payments since June of last year.
Crain's reports the Olympia Field home's appraised value fell 26% in a year, to $3.8m in 2010. The original 1999 loan was for $3.5m.
The principal due is more than $2.9m.
The R&B superstar's spokesperson Allan Mayer declined to comment on the foreclosure. But he told AP that Kelly isn't having financial trouble.
Mayer says the singer now lives in Chicago, and that Kelly's recent tour and 2010 album, Love Letter, have been successful.
24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.
Nick Jonas admits he can't see the Jonas Brothers reuniting musically at any point in the future but insists he would never say never. Read More »
Rihanna will reportedly perform her new hit at the Grammy Awards with Sir Paul McCartney and Kanye West. Read More »
All the info!
HousesR 39 500 000
TownhousesR 2 650 000
HousesR 2 100 000