(CelebNMusic247-News) R. Kelly‘s Olympia Fields Mansion Hits Auction Block
R Kelly has been having issues with his Olympia Fields mansion since 2011 when his home went into foreclosure!
Well the worst has happened – he’s lost his mansion as it went on the auction block yesterday…
Here’s the drop:
R. Kelly’s lender, JP Morgan Chase, submitted the sole bid for $950,000 and after a judge signs off eviction proceedings can begin.
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.
R Kelly built the home on 3 acres with a private lake back in 1999 using a $3.5 million loan.
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.
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