Jul 13, 2011
Bank Seeks Foreclosure on R. Kelly's Mansion
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.
This isn't the first time Kelly has been sued since building the Olympia Fields mansion; in 2006, the village sued him for keeping tour buses and dogs at the property, and he was forced to tear down a guardhouse that was built without proper permits. According to the Crain's piece, Kelly hasn't lived in the home for more than a year.
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