Common's condo in foreclosure? Hip-hop star could lose Chicago residence

July 23, 2012 9:01:58 AM PDT
A Chicago rapper and actor may be on the verge of losing his condo.

Common's Chicago property is about to be placed in foreclosure by Bank of America, according to TMZ.

He bought the condo in 2008.

Earlier this year, Common stopped making payments, and the bank plans to sell the property to recoup the $345,000 mortgage.