Common Faces Foreclosure on Chicago Apartment

Chicago-born rapper Common and his manager are being sued by Bank of America for allegedly not making mortgage payments

Celeb home foreclosures may seem uncommon, but Chicago-born rapper Common is reportedly in danger of losing his Chicago apartment after allegedly not making mortgage payments since March.

Common, or Lonnie Lynn, and his manager Derek Dudley acquired a two-bedroom condo at 100 E. 14th St. in June 2008 with a mortgage of $361,511, according to the Chicago Sun-Times.

Bank of America filed a lawsuit against Lynn and Dudley after the duo stopped making payments in March totaling $345,389.52 in debt, the Sun-Times reported.

Common’s rep reportedly emailed a statement that the two sides have reached an agreement stating, β€œThe 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.”
 

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