R. Kelly’s Housed Foreclosed On
According to Rolling Stone, R&B singer and alleged-minor-rapist (and urinator) R. Kelly may lose his home, as JP Morgan Chase has filed a foreclosure action against his Chicago mansion, claiming he hasn’t made a payment since last June.
The suit states that the current principal balance on his loan is more than $2.9 million, not including unpaid interest, which accrues at a rate of $251 a day. The singer’s original loan was issued in 1999 for $3.5 million, with monthly payments of $24,345.12.
On top of all that, the property has a number of liens on it, including nearly $2 million from the Department of Treasury.
ZOINKS. That is a LOT of money. To be fair though, when R. Kelly bought the house, he was coming off a number of high-selling albums. Then, of course, came the allegations of raping and peeing on a 15-year-old girl, and then the South Park episode which tore him a new one with their parody of his “Trapped in the Closet” song.
R. Kelly might need to take some side jobs here in a minute if he wants to pay those bills off… then again I can’t really think of a “side job” that pays $251 dollars a day. Actually no, I can think of one…
“Steve Hirsch and Vivid Entertainment, I have Mr. Robert Kelly on the phone for you?”