Rap veteran Common is close to having his Chicago apartment foreclosed on because he and his manager, Derek Dudley, allegedly stopped paying the mortgage on the place in March of this year. The two got a mortgage on the apartment back in 2008, but according to claims made by Bank of America, the two stopped paying the monthly mortgage payments of just under $2300 several months ago.
Bank of America is fed up with Common and the situation in general which is why they filed foreclosure documents. They want to sell the apartment and regain the over $340,000 mortgage amount, as well as interest and possible penalties.
The Chicago rapper has yet to comment on the matter.