Common is in danger of losing his Chicago apartment after allegedly failing to make mortgage payments since March.
According to TMZ.com, the rapper (real name: Lonnie Lynn) purchased the condo back in 2008 ... and has regularly made mortgage payments up until March 2012, claims Bank Of America.
BOA has since filed foreclosure docs, wants to sell the property, and recoup the amount of the mortgage, plus interest and penalties, which totals $345,389.
Monthly payments were just $2,285.
Common had not commented on the situation as of press time.