Common is the latest rapper in financial trouble.

According to TMZ, the veteran MC is facing foreclosure on his Chicago apartment after reportedly failing to pay his mortgage since March. The site says that Bank of America is claiming that Com and his manager, Derek Dudley, who went in on a condo in 2008, have been missing their monthly payements of $2,285 for much of the year. In turn, the bank reportedly plans to foreclose on the property, and then sell it, "recoup the amount of the mortgage, plus interest and penalties, which total" $345,389.52.

Common has yet to comment on the situation. —Adam Fleischer (@AdamXXL)