R&B star R. Kelly's Chicago-area mansion has been sold for $950,000 in a foreclosure auction.
The Chicago Sun-Times reports that Kelly's Olympia Fields home was sold Monday to J.P. Morgan Chase, which already held the mortgage. Chase set the opening bid at $950,000, then submitted the only offer.
The property once was valued at more than $5 million. Last year, Chase stated in court files that Kelly still owed about $3 million on the 11,140-square-foot home. Once a judge approves the deal, the bank can put it on the market.
Kelly's business manager didn't return a call from the newspaper. His one-time spokesman, Allan Mayer, says he can't comment on the auction, but the Grammy winner isn't having financial problems.
Kelly was acquitted of child pornography charges in 2008.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
FOX entertainment guru Bill Zwecker reviewed "Star Trek: Into Darkness" and "The Ice Man" starring Michael Shannon in the Screening Room Friday. Both are must-see movies, and they open this weekend! Don't miss out!
FOX entertainment guru Bill Zwecker reviewed "Star Trek: Into Darkness" and "The Ice Man" starring Michael Shannon in the Screening Room Friday. Both are must-see movies, and they open this weekend! Don't miss out!
Candice Glover was named the nation's favorite singer on "American Idol" Thursday night, after singing with Aretha Franklin and Chicago native and "Idol" alum Jennifer Hudson. She never, ever gave up on her dream.
Candice Glover was named the nation's favorite singer on "American Idol" Thursday night, after singing with Aretha Franklin and Chicago native and "Idol" alum Jennifer Hudson. She never, ever gave up on her dream.
Thursday, May 16 2013 8:06 PM EDT2013-05-17 00:06:24 GMT
Look out McGriddles, there's a new fast food breakfast in town. Taco Bell is currently testing out the Waffle Taco as a possible breakfast item in at least one Southern California location.
Look out McGriddles, there's a new fast food breakfast in town. Taco Bell is currently testing out the Waffle Taco as a possible breakfast item in at least one Southern California location.
American Idol will soon name the nation's newest, favorite singer. The last two hopefuls gave their finale performances Wednesday night, and their fate depends on the vote. Bill Zwecker reports.
American Idol will soon name the nation's newest, favorite singer. The last two hopefuls gave their finale performances Wednesday night, and their fate depends on the vote. Bill Zwecker reports.
Former "Charlie's Angel" Jaclyn Smith is celebrating 28 years with Kmart by launching her new outdoor living line. She explained you can bring the comfort of the indoors outside by "shopping your way."
Former "Charlie's Angel" Jaclyn Smith is celebrating 28 years with Kmart by launching her new outdoor living line. She explained you can bring the comfort of the indoors outside by "shopping your way."
Tuesday, May 14 2013 1:49 PM EDT2013-05-14 17:49:17 GMT
Angelina Jolie says that she has had a preventive double mastectomy after learning she carried a gene that made it extremely likely she would get breast cancer.
Angelina Jolie says that she has had a preventive double mastectomy after learning she carried a gene that made it extremely likely she would get breast cancer.
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