R. Kelly seems to be facing some financial difficulties. His 11,140-square-foot Olympia Fields home in Chicago is in foreclosure due to his lack of payments. The singer has failed to make payments over the last year. Allegedly he held back payments to force the bank to renegotiate the loan.Kelly subsequently received a $2.9 million foreclosure lawsuit from his mortgage company. The property has decreased in value, 26 percent since its construction, falling from $5.2 million in 2009 to $3.8 million.
Source: HipHopDX
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