Bank forecloses on Sprewell's house
Posted: Tuesday May 13, 2008 06:53AM ET
A River Hills house belonging to former NBA star Latrell Sprewell was foreclosed on Monday after he failed to show up in court to contest the action brought by a bank that held his mortgage. The holder of the mortgage, RBS Citizens Bank, told Milwaukee County Circuit Court Judge David Hansher that Sprewell owed $320,284. According to River Hills records, the house is assessed at $610,000 and has an estimated fair market value of $667,980. Sprewell bought the house in 1994 for $405,000.
Latrell Sprewell , Lisa Blumenfeld/Getty Images
Comments (101)
Bet he wishes he'd have taken that deal from Minny now.
Sports_Fan_19 | 05/13/08, 07:14 AM
Report Offensive CommentSoooooooooooooooooooooooooooooooooooo TYPICAL!
11amlin | 05/13/08, 07:29 AM
Report Offensive CommentHow is he supposed to feed his family with no house? It's the NBA fault
700 Level Lifer | 05/13/08, 08:05 AM
Report Offensive CommentWhat happens if he gets angry at the bank for foreclosing the house?
Once he gets back in town, will he storm into their office?
If so, will he choke the banker?
- JL
Jay L. | 05/13/08, 08:12 AM
Report Offensive CommentFree Spree.
pencilneckgeek | 05/13/08, 08:13 AM
Report Offensive CommentWhat a sickening mismanagement of wealth. Maybe Mark or Mike or Mook whatever his name is D'Antoni can reunite Spree and Houston for another run to the finals.
notbychoice | 05/13/08, 08:18 AM
Report Offensive CommentI guess I always remember when he choked his coach over an issue... sad when athletes who had millions throw it away..
drj0514 | 05/13/08, 08:56 AM
Report Offensive Commentwhat goes around comes around. what a loser.
sidsux | 05/13/08, 08:59 AM
Report Offensive CommentQuestion: after making the money this idiot made, why would he have a mortgage on a $400,000 home?
Hllywd: Old Schoolin' | 05/13/08, 09:07 AM
Report Offensive CommentHow is he supposed to feed his family with no house? It's the NBA fault
700 Level Lifer | 05/13/08, 08:05 AM
Report Offensive Comment
hahahahahaha my thoughts exactly
roryk | 05/13/08, 09:08 AM
Report Offensive CommentLatrell in the Latrine..I smell a comeback.
50yearfan | 05/13/08, 09:16 AM
Report Offensive CommentThis shouldn't be on Truth and Rumors...
dynamic | 05/13/08, 09:17 AM
Report Offensive CommentAhhhh...feels good to know i'm not the only one in debt!
waTCH Me! | 05/13/08, 09:33 AM
Report Offensive CommentI would feel sorry for him, but I can't...
jj730 | 05/13/08, 09:40 AM
Report Offensive Commentamazing. almost 15 years after he bought the house, he's only paid down less than 80k of the principle. who the h--- is running his books? forget playing basketball... how about spree go back to school and get a 3rd grade education?
vewyphishy | 05/13/08, 09:42 AM
Report Offensive CommentSports_Fan_19, my thoughts exactly. I bet he would sign a 3 years $21 million contract ina heartbeat now. The guy obviously knew nothing about money management. I have no sympathy for this idiot at all. He should have no money problems at all and has no one to blame but himself.
Jason70 | 05/13/08, 09:44 AM
Report Offensive Commentthis just in: $21 millions not enough to feed my family!!
I is the man | 05/13/08, 09:53 AM
Report Offensive CommentSprewell for Secretary of the Treasury. NOW!
Se7en - Nothing but a G Thang | 05/13/08, 10:08 AM
Report Offensive Commentguess his family eats alot. 21 mil could not cover it so why pay your mortage.
vaughn9 | 05/13/08, 10:08 AM
Report Offensive CommentBetween Basketball players and Rappers, you'll be able to pick up a cheap used Lamborghini in a few years...The problem will be however all of the illegitimate kids with no child support...Just ask Vernon Maxwell's 9 illegitimate kids...
MNHockey | 05/13/08, 10:14 AM
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