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R. Kelly faces foreclosure on Olympia fields home

This is a discussion on R. Kelly faces foreclosure on Olympia fields home within the R. Kelly News & Announcements forums, part of the R. Kelly Discussion category; You are so right, my friend couldn't wait to throw that shit in my face. What surprise me with dumb ...

  1. #31
    Veteran Member laadiva's Avatar
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    You are so right, my friend couldn't wait to throw that shit in my face. What surprise me with dumb ass people if you knew anything about R Kelly you would know that he has always handled his damn business. These vultures are always waiting to attack, but he always stay steps ahead of them. They can't seemed to let shit go. He was indicted in 2002 so the fuck what. In 2002 I started college and finished in 2010 with a Master Degree in other words I moved on. Like this miserable people should do.
    [B][FONT=Comic Sans MS][SIZE=6]Ladiva[/SIZE][/FONT][/B]

  2. #32
    'Step Into My Territory' Dizl's Avatar
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    Default That's Good Business :)

    Its common practice here with people who take long term loans to stop paying and renegotiate a smaller one-time pay-out; it just makes more financial sense. The richest guys do this here in Nigeria. Sometimes, these banks can even go as far as publishing the names of these defaulters in the dailies; yet they go on with their normal business buying Roll Royce Phantoms and yatchs. I expect our dude to do the same.

    If his advisers play this one right he may end up paying much less than $2m after all negotiations.

    The banks everywhere really shaft consumers with the terms on mortgages and loans; but they have to that's how they make their money (I work in a bank ) salaries have to be paid.

    Good stuff.
    Love is strong; Love is tight

  3. #33
    Senior Member mistermaxxx's Avatar
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    bottom line they still expect payments from him and he could lease the property and they aren't going to mention the interest he draws from the place.

    he is smarter with his loot than most give him credit for, i will go there if you are black and successful they the media expects you to be broke and falling on hard times,etc..


    but the brother takes care of his taxes and is able to meet deadlines so he might have debt, so what? who doesn't, but the bottom line he is better off than what they want to admit, he might not sell records like he did 10 years ago, but he still has enough clout to travel around the worldm tour and keep them talking about him, don't play Kellz off like he is Rodney Allen Ripley or MC Hammer.

  4. #34
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    Default Nobody business

    It's not the media business throwing this garbage out there regarding his mortgage! It is not our business either whether or not he pay's on his home on time! Some reason's if the home is under water due to other neighbors foreclosing on there homes or somebody moving in his neighborhood paying less than what he paid for his home is one thing;

    Being that said the banks will rework his deal because America can no longer face this problem

  5. #35
    Veteran Member Citizen K's Avatar
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    update R. Kelly's Suburban Mansion Hits Market After Foreclosure Suit

    Grammy-winning R&B singer R. Kelly has placed his 22,000-square-foot mansion in south suburban Olympia Fields on the market for $1.595 million.

    The Chicago-born Kelly, 44, built the gated 16-room mansion in 1997. During the summer, the mansion made the news for being the subject of a $2.9 million foreclosure lawsuit, with Kelly having failed to make monthly mortgage payments for more than a year. According to reports at the time, Kelly's aim in not making payments was to prompt his lender to renegotiate his loan.

    Now, Kelly, whose real name is Robert S. Kelly has listed his six- bedroom mansion in a short sale, meaning that he owes more on the property than it is worth. Features include eight full baths, six half baths, four fireplaces, an indoor pool and a theater room. Outside are private wooded land, a private lake and 12-foot wrought iron and concrete-encased fencing.

    "It's a fabulous house with a lot of great features," listing agent James Mattz of Century 21 Pro-Team exclusively told Elite Street. "Whoever buys it at the price we're marketing it at is going to get an incredible value."

    Mattz said the mansion's indoor pool room is one of its most distinctive features.

    "You'd think you were in the jungles of the Amazon," he said. "It's not a pool room, it's a tropical experience."
    Mattz said he did not know the specific reason Kelly had listed the property.

    During the news about the foreclosure lawsuit, several media outlets had reported that Kelly had not lived in the mansion for a year. On Monday, Mattz said Kelly's property "is occupied, based on what we know."

    Records also show that Kelly has been renting a high-floor unit in the Trump Tower downtown.

    Another former property of Kelly's also has made news in recent months, with the 11-room, 8,000-square-foot Lakeview mansion that Kelly once owned selling in August for $2.64 million. Kelly had owned that residence from 1994 until selling it in 2002 for $2.25 million.

  6. #36
    'Sweet Tooth' V.I.P's Avatar
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    I havent seen Rob in a UK paper for I dont know how long, but what do I see today in the 'Daily Mail'? An article about this story - f?cking punks.
    "You have reached R. Kelly, unfortunately Im asleep..." Hidden Content

  7. #37
    my brain is tired KARMA's Avatar
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    Psychopaths have a Hidden Content and grossly inflated view of their own Hidden Content and importance, a truly astounding egocentricity and sense of entitlement, and see themselves as the center of the universe, justified in living according to their own rules.

    Psychopaths show a stunning lack of concern for the effects their actions have on others, no matter how devastating these might be. They may appear completely forthright about the matter, calmly stating that they have no sense of guilt, are not sorry for the ensuing pain, and that there is no reason now to be concerned.

    Many of the characteristics displayed by psychopaths are closely associated with a profound lack of empathy and inability to construct a mental and emotional "facsimile" of another person.

    Psychopaths seem to suffer a kind of emotional poverty that limits the range and depth of their feelings. At times they appear to be cold and unemotional while nevertheless being prone to dramatic, shallow, and short-lived displays of feeling.
    Obligations and commitments mean nothing to psychopaths.

    But here is the crux: Psychopaths don't feel they have psychological or emotional problems, and they see no reason to change their behavior to conform with societal standards they do not agree with.







  8. #38
    Veteran Member kellzfan's Avatar
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    Its a beautiful home. I'm sure he has lots of good memories with his family and friends in there. I'm not sure I would want to give it up but he's right, its a lot of house for only one person to be living in.
    [CENTER]
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  9. #39
    Senior Member lilmorsel's Avatar
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    Isn't his studio inside? What's going to happen with that?

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    There Can Only Be 1 Me redemption08's Avatar
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    Quote Originally Posted by lilmorsel View Post
    Isn't his studio inside? What's going to happen with that?
    He more than likely took all the equipment to his dowtown apartment when he moved out.

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