R. Kelly Loses Chicago Home To Foreclosure

Comments:  | Leave A Comment

CHICAGO — R&B star R. Kelly‘s (pictured) Chicago-area mansion (pictured below) has been sold for $950,000 in a foreclosure auction.

SEE ALSO: Did Dennis Rodman Just Spill a North Korean Secret?

The Chicago Sun-Times reports that Kelly’s Olympia Fields home was sold Monday to J.P. Morgan Chase, which already held the mortgage. Chase set the opening bid at $950,000, then submitted the only offer. http://tinyurl.com/cg7bup2

R. Kelly Foreclosure

The property once was valued at more than $5 million. Last year, Chase stated in court files that Kelly still owed about $3 million on the 11,140-square-foot home. Once a judge approves the deal, the bank can put it on the market.

Kelly’s business manager didn’t return a call from the newspaper. His one-time spokesman, Allan Mayer, says he can’t comment on the auction, but the Grammy winner isn’t having financial problems.

Kelly was acquitted of child pornography charges in 2008.

SEE ALSO: NC Church Refuses to Perform Straight Weddings

Join the Conversation! Share on Facebook!

Tags:

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,733 other followers