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Common

Facing Foreclosure

on Chicago Apartment

7/23/2012 3:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0723_common_tmzMortgage payments are allegedly an uncommon practice for rapper Common ... who is now in danger of having his Chicago apartment foreclosed on because he allegedly hasn't paid his mortgage since March.

According to legal docs,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.

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Common's rep tells TMZ the two sides have reached an agreement ... explaining, “The Chicago property is not being foreclosed on. They have reached an agreement to sell the property to an individual with a closing date set for early August. Bank of America is aware of this fact.”

24 COMMENTS

No Avatar
16.

Jane    

sounds like a bit of legal maneuvering. he lives in new york primarily & is trying to get rid of this property i bet.

720 days ago
17.

u iz a cutiepie    

Stop ****ing random women every week, and pay your ****ing bills loser.

720 days ago
18.

ASH    

hey, leave eddie murphy alone.
his divorce is hard enough for him.

135 days ago
Previous 15 Comments | 1 | 2

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