R. Kelly loses Chicago home to foreclosure

Mar 19, 2013 at 5:19 p.m. ET

R. Kelly is mansion-less: His Chicago-area house was just purchased at a foreclosure auction for a $4 million loss.

R Kelly loses his mansion to foreclosure

The good news: Singer R. Kelly finally unloaded his Chicago-area mansion.

The bad news: The bank bought it for a huge loss at a foreclosure auction.

According to the Chicago Sun-Times, J.P. Morgan Chase — the original mortgage holder — bought the mansion for $950,000 on Monday. According to reports, the Olympia Fields mansion was once worth $5 million.

Despite the loss, Kelly's spokesman claims his client is doing fine financially. But is he really? The "Trapped in the Closet" singer is also on the hook for nearly $5 million to the IRS, according to a September 2012 TMZ report.

"R. Kelly is in the process of working everything out with the government and is confident that all his obligations will be satisfied," his rep said at the time.

Sounds like someone has a case of "head in the sand"-itis.

Maybe it's because he's too busy writing more chapters to "Trapped in the Closet" and watching Ryan Gosling movies to notice his financial problems.

After all, The Notebook did inspire him to ditch his marriage.

"I burst into tears," Kelly wrote in his autobiography Soulacoaster: The Diary of Me. "People walking past me patted me on the back, trying to console me. The Notebook was beautiful, and I was crying because its hero and heroine had died together.

"But I was also crying because I remembered a Valentine's Day — when a helicopter dropped a rainfall of roses — that had come and gone... My marriage had died. And there was nothing I could do to bring it back."

His now ex-wife disputes that, but it does seem like there are two different worlds: The real world… and the one where R. Kelly lives.

Read on for more R. Kelly

R. Kelly: Songs on a surprise new album Write Me Back
R. Kelly says he'll be back after throat surgery
R. Kelly sued by ex-manager over sex cover-up

Photo: WENN.com

Tagged in