MediaTakeOut.com has learned that former NBA star Latrell Sprewell Milwalkee home 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.
But there's more. Sprewell, 37 has had other financial difficulties lately. In January, his yacht, "Milwaukee's Best," was sold at auction by the U.S. Marshals Service. The yacht, said to be worth more than $1.5 million, went for $856,000 after Sprewell failed to make the required $10,322 monthly payments.
In March, Community Bank Group obtained a $72,698 judgment against Sprewell; in September 2007, the state filed a lawsuit against Sprewell for $72,102 in unpaid taxes. Neither judgment has been satisfied.
And get this. Sprewell could still be playing in the N.B.A. But he turned down a three-year, $21 million contract extension with the Minnesota Timberwolves saying, "I've got my family to feed." The Timberwolves never resigned him after that.
das negroidian! he shoulda just went full negroidian fledg and got all his *** from RENT-A-CENTER.
When you come into money, you have to live as if you'll never want to go back to the way things were.
If all of these temporarily rich and famous people would realize this, things like this would not happen to them.
stop gettin high ***
He deserves that *** after that stupid *** comment about not being able to feed his family on 21 million. Check out the videos @@@@@@@@@@@@@
Not the man that invented the spinning rims. He should be getting royalties. Guess times are tough.
Check us out
hope he pays his hair braider.
i wonder howhe is feeding his fam now
lol.. dumbazz.. should have stayed with the knicks
What is going on with him? I know he has the money he just don't like to pay bills
DAYUM...THIS IS CRAZY
The recession is real!!!!!!
When keepin' it real... goes wrong.
*** Sprewell I guess you should of took that contract that Timberwolves offered you. Thats F*** Up
Guess he should have took that 21 million! ***!
He will go down in the *** I *** up top 5 countdown! He'll be #3 Mike Tyson and MC Hammer took 1st & 2nd.
he dumb as hell! while he was learning how to play ball he should have been learning the value of a dollar...
Thats a shame...greediness is neva the answer...now he broke as heck...
Maybe the dumb *** will be working at McDonald's now. Boy how they fall, from getting cheese to flipping cheese burgers!!!
This makes NO *** SENSE
1. YOU STILL HAVE TALENT WHY DIDN'T YOU TAKE THE CONTRACT?
2. WHY DO YOU MAKE PAYMENTS ON ANYTHING? BUY THE *** OUT RIGHT YOU IDIOT..YOU'RE A MILLIONAIRE!!!!!!!!!!!
TWO WORDS *** DUMMY
He has a family to feed, but you lost your house. Did he honestly think that he would be able to pull more than $21 mil, when there are young ones always ready and willing to take your spot with less attitude? Please. SMH.
It's sad to say he's from my home town & this is the state of mind of many of the talented people Male or Female that "finally make it".... They( Eric Bonet, Al J.) act as if their *** don't stank & EVERYONE owes them. Well Mr. Spinnerman, "Whatcha gone do"? You can't go & B**ch slap your way into "feeding your family" can you....Your still in my prayers that you'll see the light. Go back to your Purgolder days...
How can you feel sorry for such a stupid azz idiot. Three years time twentyone million equals sixtythree million(minus taxes)that's more than he has coming in today.STUPID AZZ MAN!!!
DUH!!!!!!!! HE IS GETTING HIGH & OBVIOUSLY HE IS HOOKED. ALL THE $ HE IS MAKING COME ON HE LOOKS DIFFERENT A BIT CRACKISH. HIS FAMILY MEMBERS NEED TO TRY TO GET HIM HELP.
milw242 you got the calculation wrong it was 3-years for 21 million which is roughly 7 million a year
The actions of an ignorant man. Everything should have been paid in full! But just because you make millions doesn't mean you think like a millionaire. What a donkey!
That's what this dumb *** ***!gga gets for turning down $7 million a year....
Bet that money could "feed his family" now!
He may have lost this house, but Latrell has 3 other houses.
Maybe this one had to go but I doubt seriously he is broke!
Turning down $21 million: Now that's a dumb *** !!!!!
how stupid can u be? my mom raised me and my two brothers with making 19,000 a year and this was back in the early early 90's and to be honest it was prob less than 19,000 cuz she was working at a sewing plant back then.....but still we ate good.........so i hate when these celebs and pro athletes (who i think are over paid for what they do because teachers, doctors,farmers,police, hell people with real jobs dont get paid nearly as much and we are the folks that are putting in the real labor for the country....hell they are nuthin but pure entertainment...so i always thought them fools where over paid......
but i dont get it...how the hell u go from millions to broke? i mean i dont understand these fools...i use to always say if each of these celebs and billionairs gave at least 100,000 to 500,000 to a family we would all be good.....they have soo much money for what? grrrrrrr that kinda *** kills me....u got all that money and still dont know how to act..........21 mil cant feed ur kids? wtf? the average family is making under $50,000 a year.....and according to the living scale...$0-50,000 is LOWER CLASS...so wtf is really going..
BAD INVESTING AND HIS PRIORITIES ARE IN THE WRONG PLACE APPARENTLY.
HE SHOULD HAVE SIGNED THAT CONTRACT. WHAT DIFFERENCE DOES IT MAKE THAT HE HAS FAMILY...IF HE OWES EVERYONE MONEY SURELY THEY WILL GARNISH ANY MONIES DUE TO HIM TO SATIFY ALL THESE OUTSTANDING DEPTS....SO EXACTLY HOW CAN HE HELP HIS FAMILY THEN???
Not my baby Spree....that's my honee! Come back to Golden State Spree....we miss u! I'll front your house payment boo..10K..it's nothin to a cali boss!
he messed up when he told the knicks that 5 million for his new contract wasnt enough to feed his kids ......money is the root of all evil
side note : we will see a blak president in the WHITE HOUSE
If all the athletes stop being so Negrodian and learn how to invest their money then this type of stuff would not happen to them. Learn how to get you an accountant and invest your money and stop buying eight cars that you can't drive at one time.
Maybe he can return them rims
He's an arrogant ***. When he turned down that contract for $21 millon, he said that the NBA was practicing slavery.
*** me off cause this ***-*** would dare equate his priviledged life, with folks being treated less than human.
He deserves everything he's getting now. He choked his coach, he ran away all his teammates grom the Golden State Warriors cause he was an arrogant stupid ***.
See, the problem is $21 million IS enough to feed his family, but $21 million ISN'T enough to feed his ego....there is a difference. That's why he's livin off the county now...dumb azz.
SMH AT THIS FOOL TURNING DOWN 21 MILLION A YEAR OH HE HAD TO BE HIGH TO SAY SOMETHING LIKE THAT LOL
This is re-payment for punching/choking his coach years ago. That was very unprofessional. You reap what you sow.
River Hills?! i don't think he'll be missed over there..how many blacks there now? 3
HOPE THIS IS NOT ANOTHER RICHES TO RAGS STORY. YALL KNOW. THE STORY OF A BROTHER THAT HAD IT ALL, THEN LOST IT AND ENDED UP ON SKID ROW TRICKING FOR CRACK CHANGE.
WELL HE MIGHT MAKE MORE MONEY THAT WAY.
latrell has been crazy since alabama. he has some issues. his baby got mauled in the face by the family dog and he did not get the dog put down---they had to come and take the dog. then he had the nerve to be mad at the folks for coming for the dog. even though social services had threatened to take his kids. our people value the wrong *** sometimes....
ALL that MONEY and NO brain. Always PAY the HOUSE first BEFORE anything ELSE.
HOPE THE CAR GONNA FIT YOUR WHOLE FAMILY INSIDE.
My mama always said, "Stupid is as stupid does."
!!I remember sittin on the bed, listening 2 ESPN after they said he did not want 2 renew his contract bcuzz 21 mil was not enough 2 feed his fam...SMH.. then and Seriously SMH now.....sheeeeesh!!!!!
oh and yall know y he got his hand over his mouth in that pic above... Cuzz he like "daaaaaaam I FU--d up!!
what a dumbasssssss! how can u blow all that money without investing for the future?