Bank Of America Wants Their Money! Common Facing Foreclosure On Chicago Condo

July 23, 2012  |  

Source: accidentalsexiness.com

Checks must not be coming in like they used to for Chi-town rapper Common because he’s reportedly neglected to pay a very important debt—his mortgage.

According to legal documents obtained by TMZ:

Common (real name Lonnie Lynn) and his manager, Derek Dudley, got a mortgage for a condo back in 2008. But Bank of America claims … beginning in March, the duo stopped making the monthly, $2,285 mortgage payments.

So now BOA is getting tough, filing foreclosure docs. The Bank wants to sell the property, and recoup the amount of the mortgage, plus interest and penalties, which total $345,389 … and 52 cents.

I’m not trying to count the rapper/actor’s ends but between him and his manager they ought to have been able to come up with $2,200. Maybe the celeb is planning to file for bankruptcy and has been instructed not to pay any of his outstanding debts, although that’s not a good look for him either.

So far, his reps haven’t commented on the situation. Let’s just hope Common doesn’t pop up homeless.

Brande Victorian is the news and operations editor for madamenoire.com. Follow her on twitter @Be_Vic.

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