Real estate woes of the rich and famous

Common

Where: Chicago

Bought for: $402,000 in 2008

The Problem: Stopped making the payments

The Grammy-winning rapper and star of AMC’s Hell on Wheels co-owns a 1,248-square-foot, two-bedroom, two-bath condo with his manager, Derek Dudley. It appears that the 12th-floor unit just south of downtown has been an investment property they were renting out. But when Common and Dudley stopped making the payments in March, Bank of America sued, claiming they still owed $345,000 on the mortgage. Common's publicist says this will all be worked out when a deal to sell the condo closes this month.