R. Kelly facing $2.9 million foreclosure suit on house in Chicago suburb

Three-time Grammy Award-winning singer-songwriter R. Kelly has not paid the mortgage on his 11,140 sq. ft. mansion in Olympia Fields, Ill., in more than one year, according to ChicagoRealEstateDaily.com.

As a result, J.P. Morgan Chase has filed a foreclosure notice on the luxurious two-story home, which sits behind an imposing gate on a 3.7-acre site and features six full bathrooms, seven half-baths and a four-car garage, among many other amenities.

Kelly, who purchased the south suburban Chicago estate more than a decade ago, has to get current on the $2.9 million outstanding balance or risk having it repossessed by the lender. Its current appraised value is estimated to be $3.5 million.

The report indicates that Kelly has not lived at the home for more than a year and made a deliberate strategic default decision, hoping to trigger a loan modification by defaulting on the loan. It doesnt appear, at least for now, that a loan modification is in the works for the I Believe I Can Fly crooner.

Throughout his career, Kelly has amassed an impressive library of hits as a singer, as well as a record producer. He should be, by no means, strapped for cash. However, the 44-year-old has also had high-profile legal battles along the way, including several charges of child pornography.

Then again, perhaps hes just not interested in throwing good money after bad on a home that he no longer wants.

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