Kellz for the loss.
Reports TMZ:
This has gotta hurt … R. Kelly’s Illinois mansion was auctioned off Monday for $950,000 — waaaay less than the $3.5-million-mortgage the singer took out to the build the place.
Kelly built the 20,000-square-foot dream home back in 1997 — but things took a turn for the worse in 2011 … when his bank tried to foreclose, claiming he hadn’t made mortgage payments for over a year.
Kelly tried selling the crib for $1.6 million to block the foreclosure — but no cigar … it sat for a year. The bank then went full bore on foreclosure … and it sold Monday for $950k.
The house has 6 bedrooms, 8 baths, an indoor pool, theater room and private lake.
In case you’re wondering … THIS IS NOT the home where R. Kelly may or may not have peed on a girl.
I see said the blind. And now…
This is EbenGregory.com…telling you it’s his fault. Right R. Kelly?
D artist i cherish so far……. Why now. R.Kelly? Things come n go but R. Kelly remains d ”world’s greatest”
I would have paid about $955,000 for the house. Number one Chicago is not a place I would like to live and that house is no where near a mansion it looks like a middle class home in a good neighborhood. The price of the house is no beauty of a mansion and no near a cost of 4 or 5 million dollars. He must have had his mind on a little girl instead of business. That is no mansion!
Who gives a fuck about that loser….I’m laughing my as off……..
I don’t understand why some people in the entertainment business always spent money beyond their means. They should know better that their businesses are not permanent or certainly like tax and death. Well! lesson to learn.
I forgot…jamie foxx said: “Blacks are so intelligent.”