Ooop! July 24th, 2012 - 8:39 am | Posted by Juicy Magazine Intern

Is Common’s Chicago Condo Going On Foreclosure???

Everyone’s favorite conscious rapper, COMMON,  was in a bit of hot water with everyone’s favorite lender, Bank Of America.

According to TMZ, the Chi town native had not paid his monthly mortgage of $2,285 on a condo, he purchased with his manager in 2008.

Apparently, Bank Of America was going to file a foreclosure on the condo and request $345,389 from COMMON for the mortgage, plus interest and penalties.

A few hours after the reports were made public, TMZ reported that COMMON and Bank Of America came to an agreement and the condo will not be  foreclosed but it will be sold in August.

Whew, that was a close call.

Photo Source: PR Photos

 

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