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Common Possibly Facing Foreclosure On Chicago Condo

The Chicago emcee, Common, is said to be facing foreclosure on a condo he owns in Chicago with his manager.

According to reports, Common is allegedly in danger of having his Chicago condo foreclosed. TMZ is reporting that legal documents show the Chicago emcee has not paid mortgage for months.

The reports indicate that Common and Derek Dudley, his manager, have not paid the $2,285 monthly mortgage since March. As a result, the reports state that Bank of America is filing foreclosure documents. 

Bank of America would then sell the condo and add up the payments which haven't been made along with other fees for more than $345,000. 

Common has not officially responded on the matter as of yet.

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Topics : Business_Finance
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Locations : Chicago
People : Derek Dudley

07/24/2012 12:26AM
Common Possibly Facing Foreclosure On Chicago Condo
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