Common Facing Foreclosure
Common could be in for some trouble. The rapper is at risk of losing his Chicago apartment because he allegedly hasn’t paid his mortgage since March.
According to legal documents, Common and his manager, Derek Dudley, got a mortgage for a condo in 2008.
The Bank of America claimed that the rapper stopped making his $2,285 monthly payments beginning in March.
Now, the bank is filing foreclosure documents. The bank wants to sell the property and get the amount for the mortgage, plus interest and penalties. The total would come to $345,389.52.
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