2012-07-23 — suntimes.com
Bank of America has filed suit against the Chicago-born artist and his manager, accusing them of failing to make monthly payments since March on a Near South Side condo. The suit said they owe $345,389.52.
...
A publicist for Common said in an emailed statement, "The Chicago property is not being foreclosed on. They have reached an agreement to sell the property to an individual with a closing date set for early August. Bank of America is aware of this fact."
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