Common has allegedly been neglecting his mortgage payments on his Chicago apartment since March.
According to legal documents, Common and his manager, Derek Dudley, got a mortgage for a condo in 2008. However, Bank of America is claiming that since March they’ve stopped paying their monthly mortgage payments of $2,285. Now Bank of America is filing foreclosure documents.
The Bank wants to sell the property and recoup the amount of the mortgage, plus interest and penalties, equaling a sum of $345,389.52,