TMZ recently reported that Common’s Chicago condo is being foreclosed. The Chi-town rapper’s last mortgage payment was purportedly in March 2012. Bank of America allegedly wants to sell the property, currently leased by Common and his manager, Derek Dudley, to reclaim the mortgage payments plus interest, all of which amounts to $345,389.
However, a representative for Common recently clarified the situation, telling TMZ “The 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.”
David Woodson
