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Common sells South Loop condo, avoids foreclosure

October 2, 2012 12:18:47 PM PDT
Even celebrities are being threatened with foreclosure.

Rapper/actor Common nearly lost his condo in Chicago's South Loop. The performer sold the two bedroom unit Monday for $350,000, slightly more than he owed Bank of America, and $50,000 less than he paid for hit.

Common and a partner bought it as an investment four years ago, hadn't made a payment since March, and the bank filed to foreclose.


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