Another day…Another celebrity getting beat up by this here recession. Add R. Kelly to the list of celebs who is facing some financial difficulties. According to the Huffington Post Kellz will be losing his Illinois home and the room he used to pee on girls in memorable moments he created in the home for the last 11 years.
After failing to pay more than a year of mortgage payments, Grammy winner and “R&B king” R. Kelly now faces a $2.9-million foreclosure lawsuit on his 11,140-square-foot Olympia Fields mansion, Crain’s Chicago reported Tuesday.
Kelly’s home, which sits on a 3.7-acre lot, was constructed in the far southern suburb 11 years ago and its value has plummeted in recent years — falling 26 percent in its most recent appraisal to $3.8 million, as compared to its $5.2 million 2009 value, according to Crain’s. Therefore, Kelly, who has not lived in the home for more than a year, faces debts on the property that likely exceed its current value.
A person reportedly close to Kelly told Crain’s the singer had stopped making payments on the mortgage in order to force the bank to renegotiate the loan.