Common - Common Sells Off Chicago Apartment
Hip-hop star Common has avoided foreclosure on his Chicago, Illinois home after selling off the apartment for $350,000 (£218,750).
The Light hitmaker hit headlines in July (12) when reports suggested he and his co-owner, manager Derek Dudley, had failed to make any mortgage payments on the property since March (12).
Bank of America bosses filed court documents to foreclose on the pad in a bid to recoup their cash, but Common recently settled the $345,389 (£215,868) debt and managed to offload the home earlier this week (begs01Oct12) for slightly more than what he owed.
He and Dudley originally purchased the place several years ago for $400,000 (£250,000).