Bank Seeks Foreclosure on R. Kelly's Mansion | NBC Chicago

Bank Seeks Foreclosure on R. Kelly's Mansion

Singer hasn't made mortgage payments for more than a year

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    NEWSLETTERS

    Bank Seeks Foreclosure on R. Kelly's Mansion
    R. Kelly hasn't made payments on his Olympia Fields home since June 2010.

    It's not just regular folks struggling in this down economy.

    R&B superstar R. Kelly is in danger of losing his south suburban Olympia Fields home.

    According to Crain's, JPMorgan Chase has filed a $2.9 million foreclosure suit on the Maros Lane mansion because the singer hasn't made monthly mortgage payments since June 2010.

    A source told Crain's that Kelly hasn't lived in the home for more than a year and stopped making the payments in order to try to get the loan modified.

    The home's appraised value went from an estimated $5.2 million to $3.8 million in the span of a year.

    The two-story home sits on 3.7 acres and contains six full bathrooms, seven half-baths and a four-car garage, according to Crain's.