R. Kelly Loses Millions on Mansion Auction

Mar 19, 2013 | 10:30 PM Written By: John S

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R. Kelly Loses Millions on Mansion Auction

R. Kelly's Illinois mansion was auctioned off Monday, and the R&B singer took a massive loss on the sale.

Kelly build the 20,000-square-foot home back in 1997 and took out a $3.5 million mortgage on the property. However, things went downhill in 2011 when his bank tried to foreclose, claiming he hadn't made a payment for over a year.

Kelly attempted to sell the home for $1.6 million to stop the foreclosure, but the tactic didn't work. The house sat for a year before the bank intensified their effort to foreclose the home -- it sold Monday for $950,000.

The opulent residence has six bedrooms and eight baths, and features an indoor pool, theater, and private lake, among other amenities.

Source: tmz.com

Previous Comments

west 03/21/2013 12:31 am

FUCK ALL U HATIN AZZ BITCHES TALKIN THAT SHIT ABOUT MY CITY...... YOU BITCHES COULDNT MAKE IT OUT HERE STAY IN THE BURBS ON THE COUNTRY SIDE BITCH

jelliottness 03/21/2013 12:03 am

first of all if you live in illinois you are a fucking looser, now that we got that out of the way this house looks like something from the state of Maine with two old ass white people living in it and collecting road kill for dinner, something out of a scary movie with lots of anal sex going down in the shower, why have more bathrooms than bedrooms? is shitting more important than sleeping?

ancient sumarian 03/19/2013 9:17 pm

Chicahoe stay losin!

dasummoner REPLIED 03/21/2013 1:46 pm

bet u wouldn't say that if u came here!!!

gffd 03/19/2013 7:25 pm

20,000sq ft bathroom LOL

nahmeen 03/19/2013 7:17 pm

If walls could talk...

B 03/19/2013 7:09 pm

If R.Kelly is having financial trouble then none of these rappers got money.

Dame and Biggs by the pool table REPLIED 03/19/2013 7:38 pm

ahahhahaha