It seems like every other day there is a rapper having a trouble with either their taxes or a foreclosure. Well, we hear that Common has joined the long list of artists having money issues and is facing a foreclosure of his Chicago apartment.
According to TMZ, Common has stopped paying the $2,285 monthly mortgage payments and the bank is none too happy with him. Bank of America is claiming that Common hasn’t paid his mortgage since March 2012, and they have filed for a foreclosure so that they can sell the apartment and recoup their loses.
Let’s hope that Common has just overlooked the expense and will pay off what is due soon. The bank wants to recoup the amount of the mortgage, plus interest and penalties, which total $345,389. Handle your business, Common.