(EXCLUSIVE) R.Kelly Hit With $2.9 Million Judgement Over Mansion
According to the court docs, the singer took out a $3.5 million loan to purchase the acres of land, but years later the housing crash caused the value to drop in millions. Reportedly, Kelly attempted to sell the home for $1.59 million in early 2011 but was unsuccessful — then months later was hit with the foreclosure lawsuit by the bank. The home was sold back to the bank in a foreclosure auction for only $950K.
However, Kelly was still financially responsible for the amount he owed on the $3.5 million loan. The legal battle has been going on for years. Then on November 13th, docs were filed in Cook County Court which show Kelly was hit with a $2,922,202.99 judgement in the lawsuit and was ordered to pay the bank the full amount owed plus interest.
The judgement is just another financial issue the singer is facing, with him owing millions for both state and federal back taxes.
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Why does your ugly ass always post old news?!
I can’t do much about my ugly appearance, but we will try our best to provide the latest in entertainment. We’re backed up w/ some of our exclusives, but we’ll try our best to work harder. Thanks for the feedback.
This isn’t an exclusive tho… This was reported years ago… Instead of invading others privacy about debts, loans, etc. Worry about yourself. You’re playing with your fire. Watch his attorneys shut this crap down. There’s a reason why TMZ and other more reliable sources didn’t report it… Think about that.
I was right… It states it was reported last year. Your attempts to tarnish R. Kelly is disgusting. He is richer than you and most likely has paid most of the judgement off. Fuck you and this stale ass blog. FOH!
R Kelly is that you?
Screw R Kelly. He’s CHILD MOLESTER.
What a fool. All those fancy cars, chains, and designer clothes and this fool cant pay his mortgage. This makes him and his entire crew look stupid.