Rumor has it that rapper Common’s Chi-town apartment is facing foreclosure…
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.
Is it me, or does $2,285 seem a little cheap for Common not to be able to make the payments….hmm.