R. Kelly Believes He Can Fly, Stiff Lender on Mortgage Payments
R. Kelly may have gotten away with urinating on a 14-year old girl during sex, but the guy can't just walk away from his mortgage payments!
Court documents show that the Grammy winner has ignored the bank for over a year now and is in danger of losing his Chicago mansion. A foreclosure action was filed in June because the principal balance, not counting interest, stands at $2.9 million.
The original loan was issued in 1999 for $3.5 million
R. Kelly isn't the only singer facing foreclosure. Carnie Wilson has also missed a number of payments and may not be able to hold on to her house for another day.
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August 4th, 2011 9:58 AM
R. KELLY SHOULD WATCH HIS LIFE. TOO MUCH HAS BEEN HAPPENING TO HIM OF RECENT. IS TIME FOR HIM TO SURRENDER ALL TO JESUS.
July 16th, 2011 2:22 PM
The difference is that he has money to buy another house. I don't think it is a matter of money. I just think that he is trying to get out of it because it has lost so much value. He probably already has another place to stay. He hasn't live here in a year.
July 13th, 2011 4:35 PM
It's called strategic default, dumbass!
He's purposely not making payments.
Rank: D-Lister
July 13th, 2011 3:55 PM
If hes not making his mortgage payments, then he deserves to lose his house, like so many other people have. Just because hes a singer that some folks happen to like doesnt excuse lack of payment. Yank the house.