R Kelly, the American R&B star who had numerous huge hits in the 1990s, could lose his Chicago home after it emerged he has failed to pay his mortgage for the past year, reports Sky News. JP Morgan Chase bank have filed a foreclosure lawsuit against R Kelly for $2.9 million.
The singer-songwriter, best known for his tracks 'I Believe I Can Fly' and 'Ignition' is in danger of having his six-bedroom Chicago mansion repossessed. According to reports, the singer has failed to make a single monthly mortgage payment on the property since June 2010 and the residence has lost 26% of its value. Based in the Olympia Fields suburb, the house was valued at $5.2 million but that figure has plummeted to just $2.4 million. R Kelly's spokesman Allan Mayer has so far declined to comment on the foreclosure, but assured fans of the artist he is not in any financial trouble. He stressed that the singer's 2010 album 'Love Letter' and his recent tour were successful.
It's not the first time R Kelly has had trouble with the property - back in 2006 he was sued by local residents for keeping tour buses on the property. He was also forced to remove a guardhouse he had built because he didn't have planning permission.