The collapse of the housing market the past few years hasn’t only affected average Americans, but celebrities as well. According to TMZ, rapper Common is danger of having his Chicago apartment foreclosed on because he allegedly hasn't paid his mortgage since March.
According to legal documents, Common and his manager, Derek Dudley, received a mortgage on a condo back in 2008, just about the time when the market began to fall. Beginning in March, lender Bank of America claims the duo stopped making the $2,285 monthly mortgage payments.
The bank wants to sell the property, and recoup the amount of the mortgage, including interest and penalties, which total $345,389.52.
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