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R. Kelly Facing Foreclosure

R. Kelly hasn't paid mortgage since June 2010 on Chicago-area mansion

By the Associated Press

Posted Jul 13, 2011 9:53 AM CDT

(AP) – The latest American facing foreclosure: Grammy-winning singer R. Kelly. In a foreclosure lawsuit filed last month, JPMorgan Chase Bank states that Kelly hasn't made monthly mortgage payments since June of last year on his suburban Chicago mansion. The home's appraised value fell 26% in a year, to $3.8 million in 2010. The original 1999 loan was for $3.5 million, and the principal due is more than $2.9 million.

The R&B singer's rep declined to comment about the foreclosure, but he tells the AP that Kelly isn't in financial trouble, and that his recent tour and 2010 album, Love Letter, were successful.

In this June 5, 2002 file photo, a van is seen outside the gate at the home of Grammy-winning singer R. Kelly in Olympia Fields, Ill. Kelly faces a $2.9 million foreclosure on his suburban Chicago mansion. (Frank Polich)

In this June 13, 2008 file photo, R&B singer R. Kelly leaves the Cook County Criminal Court Building in Chicago. Kelly faces a $2.9 million foreclosure on his suburban Chicago mansion. (M. Spencer Green)

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R. Kelly Facing Foreclosure

R. Kelly hasn't paid mortgage since June 2010 on Chicago-area mansion

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