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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Obama warns on debt, deal elusive after talks | 1:17am EDT California woman accused of slicing off husband's penis 12 Jul 2011 Amazon seeks ballot measure to undo California tax 12 Jul 2011 Singer Jewel gives birth to a boy | 12 Jul 2011 Democrats win early victory in Wisconsin recall primary 12:54am EDT Discussed 115 Obama, lawmakers meet for 75 minutes on debt impasse 96 WRAPUP 1-Taxes still a stumbling block in U.S. debt talks 93 Obama and lawmakers regroup to seek debt deal Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Schwarzenegger to start film, Jewel has baby 8:39am EDT Bank moves to foreclose on R. Kelly's Chicago mansion Tweet Share this Email Print Related News Amy Winehouse cancels entire tour Tue, Jun 21 2011 Analysis & Opinion Chart of the day: Where does the mortgage-interest deduction go? The issue isn’t default but government shutdown Related Topics Entertainment » Fashion » Music » People » R & B singer R. Kelly leaves the Cook County criminal courthouse after a status hearing on child pornography charges in Chicago May 18, 2007. Credit: Reuters/John Gress CHICAGO | Tue Jul 12, 2011 8:43pm EDT CHICAGO (Reuters) - Grammy-award winning singer-songwriter R. Kelly has failed to make mortgage payments on his multimillion-dollar Chicago-area home for more than a year and now may lose the property to lenders, court documents show. In a foreclosure action filed in June in Cook County Circuit Court, J.P. Morgan Chase Bank N.A. said that the singer, whose full name is Robert S. Kelly, had not made a monthly payment on the 11,000-square-foot home in Olympia Fields in south suburban Chicago since June 2010. The suit said the current principal balance on the loan was more than $2.9 million, not including unpaid interest, which accrues at rate of $251 a day. The original loan issued in 1999 was for $3.5 million, according to the lawsuit, and the monthly payments were $24,345.12. The property has a number of liens on it, according to the lawsuit, including nearly $2 million from the Department of the Treasury. The 44-year-old R&B star, who won three Grammy Awards in 1998 for his song "I Believe I Can Fly," is no stranger to controversy. In 2008 a jury acquitted him of child pornography charges. (Reporting by Karin Matz; Editing by Jerry Norton) Entertainment Fashion Music People Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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