Bank buys R&B star R. Kelly's Chicago-area home
CHICAGO (AP) -- R&B star R. Kelly's Chicago-area mansion has been sold for $950,000 in a foreclosure auction.
RELATED: Celeb flashers
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.
RELATED: Stars who are aging in reverse
Behind the Scenes
Kendall Jenner and more stars share the best behind-the-scenes photos from the Cannes Film Festival on today's Celebs Gone Social.Watch Video »
Check out Emma Stone, Emily Blunt, and Julianne Hough's style statements on this week's OMG Celeb Fashion hosted by Wonderwall's Kirby Kristen.Watch Video »
Blake Lively gets celery up her nose, plus more of her funniest Instagram moments on today's Celebs Gone Social.Watch Video »
"#RichKids" newcomer Taylor-Ann Hasselhoff dishes about the drama on the new season and about spending QT with her dad, David Hasselhoff!Watch Video »
DIY Celeb Makeup
We show you how to get Taylor Swift's blue eye shadow look on "DIY Celeb Makeup."Watch Video »
Rumer Willis and "Dancing With the Stars" partner Val Chmerkovskiy blow off steam by making funny videos on today's Celebs Gone Social.Watch Video »
Like us on Facebook?
UP NEXTLike Their Folks
From Crowd Ignite