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Latrell Spreewell facing Foreclosure
LATRELL SPREWELL FACING FORECLOSURE: Former NBA star owes bank on $5.4 million mansion.
(November 30, 2009)
*One year after defaulting on a loan for his 70-foot yacht, former NBA star Latrell Sprewell is facing foreclosure on his $5.4 million mansion in Westchester County, New York.
Sprewell, 39, bought the 3.3-acre property in Purchase in January 2000 for $2.3 million, according to the New York Daily News. He took out a 30-year Washington Mutual Bank mortgage for $1,612,000 in 2004, and began missing payments four years later, the Journal News reported, citing court records.
Deutsche Trustee Co. Limited is listed as the plaintiff in foreclosure proceedings. The home is due to be auctioned off Jan. 7 at the Westchester County Courthouse, according to Propertyshark.com.
The home was the scene of an alleged domestic dispute in 2006 when the former player was charged with attacking his girlfriend. Prosecutors dropped the charges in 2008, the newspaper reported.
Sprewell, who last played in 2005 for Minnesota, lost his yacht, Milwaukee's Best, last year after defaulting on payments. U.S. Marshals auctioned off the $1.5 million Italian-built vessel for $856,000.
(November 30, 2009)
*One year after defaulting on a loan for his 70-foot yacht, former NBA star Latrell Sprewell is facing foreclosure on his $5.4 million mansion in Westchester County, New York.
Sprewell, 39, bought the 3.3-acre property in Purchase in January 2000 for $2.3 million, according to the New York Daily News. He took out a 30-year Washington Mutual Bank mortgage for $1,612,000 in 2004, and began missing payments four years later, the Journal News reported, citing court records.
Deutsche Trustee Co. Limited is listed as the plaintiff in foreclosure proceedings. The home is due to be auctioned off Jan. 7 at the Westchester County Courthouse, according to Propertyshark.com.
The home was the scene of an alleged domestic dispute in 2006 when the former player was charged with attacking his girlfriend. Prosecutors dropped the charges in 2008, the newspaper reported.
Sprewell, who last played in 2005 for Minnesota, lost his yacht, Milwaukee's Best, last year after defaulting on payments. U.S. Marshals auctioned off the $1.5 million Italian-built vessel for $856,000.
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