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R. Kelly Facing Foreclosure

R. Kelly hasn't paid mortgage since June 2010 on Chicago-area mansion
By Newser Editors and Wire Services
Posted Jul 13, 2011 9:53 AM CDT

(Newser) – 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.

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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. (Read more R. Kelly stories.)

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