Showing posts with label R. Kelly. Show all posts
Showing posts with label R. Kelly. Show all posts

R. Kelly in Foreclosure

Uncle Chester needs a new crib. Is Grammy Award-winning singer/songwriter/producer R. Kelly having some funny money issues?
Well, that depends on who you ask.

Kelly has failed to make mortgage payments on his multimillion-dollar suburban Chicago home and now may lose the property to lenders, court documents show. In a foreclosure action filed in Cook County Circuit Court last month, J.P. Morgan Chase Bank N.A. claims that the singer had not made a monthly payment on his 11,000-square-foot home in Olympia Fields since June 2010. 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 “Love Letter” singer stopped making payments on the mortgage in an attempt to force the bank to negotiate a modification of the loan, according to sources. Kelly hasn’t lived in the home for more than a year and currently resides in his hometown of Chicago.
The two-story house, constructed 11 years ago by Kelly, sits behind a gate on a 3.7-acre site. It features six full bathrooms, seven half-baths and a four-car garage, according to the Cook County Assessor’s website. 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.
Allan Mayer, spokesperson for the R&B Man, declined to comment about the foreclosure. He tells The Associated Press, however, that Kelly isn’t in financial trouble.

R. Kelly Set To Drop 'Love Letter' Later This Month

R&B superstar R. Kelly's label, Jive Records, announced the upcoming release of his 11th studio album, Love Letter, in December, following his 2010 release Epic.
Already setting the stage for the album is "When a Woman Loves", the Kelly-produced lead single, which is currently gaining steam among urban radio. The second single, "Love Letter", is set to drop on November 22, with the holiday remix to the track, titled "Love Letter Christmas", coming soon.
Steeped in the soul personified by such mentor-heroes as Sam Cooke, Donny Hathaway and Marvin Gaye, "When a Woman Loves" set a record when it debuted at no. 24 on the Urban AC chart. It marked the highest chart bow by a male artist since Michael Jackson's "This Is It," which debuted at no. 16 last October. It also signaled Kelly's second-best career debut behind "If I Could Turn Back the Hands of Time", which landed at no. 19 back in 1999.
The official video for "When A Woman Loves" pays homage to soul music's enduring legacy, and is currently in rotation on both MTV Jams and VH1 Soul.
(Watch the official music video for "When A Woman Loves" right here )
Love Letter is the latest chapter in a remarkable music career that spans almost two decades. During his career, R. Kelly has sold more than 34 million records worldwide, released seven no. 1 albums and twelve multi-platinum-selling albums, and has charted eleven no. 1 singles.
Further details about the album, including production and guest credits, were unknown at press time.
Love Letter is due out November 22.


Giving Back: Kells To Host Thanksgiving Dinner For U.S. Troops

Continuing his long tradition of supporting the country's men and women in uniform, R&B superstar R. Kelly will be hosting a special Thanksgiving dinner Wednesday evening (Nov. 25) for 200 soldiers from Walter Reed Army Medical Center and other U.S. Army facilities in the Washington, D.C., area.

The feast will be held at Washington's Constitution Hall, where the multi-platinum-selling recording artist will be performing later in the evening as part of his multi-city "Ladies Make Some Noise!" tour. Following the dinner, the troops will attend the concert as Kelly's guests.

"There's nothing worse than being away from your loved ones at the holidays," said Kelly. "This is my way of my way of saying thank you to all the brave men and women who have given up so much in order to protect us. It's their sacrifices that allow us to sleep comfortably at night and send our children off to school in the morning."

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