In what has to be the WORST case of financial mismanagement in HISTORY, MediaTakeOut.com learned that NBA baller Eddy Curry’s Chicago mansion is in foreclosure.
Why is this so crazy??? Well because Eddy currently is under contract with the NY Knicks, where he made $10 million last season, and he’ll make $11 million next season.
Eddy Curry's multimillion-dollar mansion in southwest suburban Burr Ridge -- where the former Chicago Bulls center was bound with duct tape and robbed two summers ago -- is now in foreclosure, according to court documents filed Monday.
According to foreclosure documents, that MediaTakeOut.com got a hold of, as of Friday, Eddy was behind $217,502 on his $3.7 million mortgage. Eddy and his wife Patrice took out a 30- year $3,719,316 mortgage on the home in 2006. The interest rate on the mortgage was 9.25% and could go up as high as 15.25%.
Eddy … bruh … you need to give Suze Orman a call..
The mother of his child and the child were killed just a few months ago.
Eddie is having a bad stretch right now in his life, *** y'all!!
he *** anywy
YAY TOP 10 MOVEN ON UP
*** SHAME, WELL HE WASN'T TAKING CARE OF HIS KIDS EITHER, IT'S CALLED KARMA
Oh well. Rich people feeling dis pain to.
EEEWW THATS A BIGAZZ TATTED UP GORILLA
MY EYES IZ HURTING
it happens to the best of us mto!!!!!
when will people learn that just because you make millions, does not mean you need some multi-million dollar mega mansion...who the *** needs 15 bedrooms, six kitchens, and a helicopter pad when you got a wife, two kids, and no helicopter
He will rebound from this situation.
Some people just walk away from property because they can't sell it. It's cheaper to just let the bank take it back. The sad part of this story is they were charging him 9% interest on a 30 year mortgage. WTF? They even have sub-prime mortgages for rich black folks. SMDHIS.
THATS WHAT HAPPENS WHEN YOU HAVE F*CKED UP MANAGEMENT......PPL YALL KNOW HE DOESNT HANDLE HIS OWN MONEY THATS WHAT HE HIRED PPL FOR AND THEY TOOK HIS *** ON A JOYRIDE.......NEXT
There's an old saying, If you can't manage $1.00, you won't be able to manage $10 million
Question? Why would someone who can buy a house outright in cash, get a mortage? So stupid!!
what a stupid *** nicca!!!
Absolutely no reason for that. HOOD ***
He spent it on tattoo ink
just cause you got money doesn't mean you can manage it!
IT CAN HAPPEN TO ANYONE I GUESS
They give the wrong Nig*ga's money!
I think they call that "*** poor planning" - congrats J... you made 1st :-)
blackchinadoll4life~ Okay I done had enough wit ya book ***!! Take that *** to Barnes and Nobel!!
Spending on Tattoos
Okay what kind of idiot signs a 30 year mortgage on a 3 million dollar house, when you are making 10 million a year?! Your career ma last 10 years if you're lucky. That's insane!!!! Why not pay it in cash, or a two year deal, so that you pay 1.5 at the beginning of one year, and 1.5 at the beginning of the next. Bozo the clown describes this guy. When he retires he'll be the next broke baller.
Shoulda paid cash for the house!
Sounds like he had an adjustable interest rate. I don't understand. Why didn't he get a fixed interest rate? Or better yet, why didn't he pay cash for a house instead of financing one? SMH.
Yes, he definitely needs to call Melanie Dobbs or Suzie Orman
VERY GOOD POINT!
Not a good look for you Eddie. It's one thing after another with you. It's no wonder the Knicks are looking to shop yo ***!!
EDDY IS PATHETIC! Maybe if he stops making innocent babies all over the place, he would have money in his pocket.
R.I.P- To his murdered baby AVA, and I hope he is doing right by his son NOAH!
THAT'S JUST PLANE OLD IRRESPONSIBLE...WELL IF HE DOESN'T CARE THAT THIS WILL REFLECT ON HIS CREDIT...WHY SHUD WE?
LET LOOK AT FROM THIS POINT OF VIEW, HIS WIFE MIGHT NOT BE COMFORTABLE LIVING IN A HOUSE THAT HER HUSBAND WAS FOUND BEAT AND ROBBED!
SH*T, THEY MIGHT BE AFFRAID THAT SOMEONE ELSE WILL COME UP IN THAT HOUSE AND THAT'S WHY THEY ARE LETTING IT GO!
suze orman is on them local channels all d time... time to flip to bruh. knicks r wack anyway
SMDH! WASTING ALL THAT MONEY! FEED THE HOMELESS!
GET YA DAM.*** STORY RIGHT MTO.
ITS A BIG BIG REASON WHY.
!!!!!HIS FAMILY GOT KILLED OVER THEIR!!!!!
MTO I wonder if any of guys have college degrees. You all are either stupid or ignorant...
Do you know why people let their home go into foreclosure?... So they don't lose money. If he bought that house for let's say, 10mil, and now it's only worth 7mil...he'd lose or basically pay 3mil for a house he doesn't even live in. If he lets it go into foreclosure he loses nothing, he'll just have bad credit for 7 years. But what does that matter, he makes 10mil a year, he can buy everything cash.
Tighten up MTO, go read a book every now and then instead of gossiping all *** day. holla!
Isn't that also the same dude who's baby momma and
baby were MURDERED???? I think he might be starting to realize the important things in life and that isn't FLASH!!!!!!! 4u2.com
LOL @ Suzie Orman...
he need to give me and my family a call
yall seen my fathers child play movies
my dad chucky rich like a *** ***
He's an *** anyway..................
Answer this for me somebody.. If his house cost 3 million and he made 10 million. why in the hell does he has a mortgage??? a 30 year one at that smh... buffoonery at its best!!
And your answer is! Yeah he makes 10 mil on paper but after taxes, agent fees, and all the other bills, it equals out to just about what the house cost 3 mil. And keep this in mind, there are incentives in contracts that have to be met, if not then you don't get the whole 10 mil. So your money is not guarnteed
mto he's going through a tough time find somebody else to talk about
Learn to manage your finances. "A fool and his money will soon part"
smh at the peeple thinkin cuz u make that much money you should payoff a house in full or car in full..im not gon even school yall about having mtgs and loans help yall credit (3f u make payments on time) ima leave that conversation alone cuz da young kids who live at home wit mommy and have no idea about credit might get confused..ha
Eddie been going through sum thangs 4 da last 2 to 3 yrs. He had heart problems, his limo driver accused him of trying to have *** with him, his baby and baby mother was murdered and now this
BOY O BOY...SOME PEOPLE JUST DONT NEED THAT TYPE OF MONEY...
Take some business courses, online if you have to, when you come into that type of money!!! There's no excuse for turning all of your earnings over to a suit to 'watch, water and grow.' Then you want to government on your side when you retire and discover that you're broke.
im sure eddie dosent give a flying fcuk about that house MTO. AS YOU GUYS SHOULD REMEMBER since you posted a story about it, his wife and baby were both murdered earlier this year. Leave him the fcuk alone.
[SPAM]hhhhhhhhhh[SPAM]o[SPAM][SPAM]www THE *** DO U LOSE UR HOME IF YOU MAKING BREAD LIKE THAT!.............YOU MAKING 10 MILLION...UR HOUSE IS ONLY 3 MILLION....PAY THAT *** OFF! WTF! HOW HARD IS THAT! ONCE YOU PAY FOR IT YOU OWN IT! WHY THE HELL DO THEY DO THAT ***....I DONT GET IT.......UUUGGHHH!!!!!!! IM SURE HE STILL RICH THOUGH....LOL
Peeps...it happens. Regardless of your cash flow. Ya never know how overextended folks get...bills, family obligations, medical expenses and foolish material things. I feel for bruh and his family. The grass is not always greener on the other side...no matter how much green you got!
MTO is always trying to pretend that they have new sources: "MediaTakeOut.com learned". Please, MTO, you got this story off the NET
lol @ dark u right...MTO good for stealin stories themselves....and these sources they always claimin they have usually be regular ol folks sendin them emails each day with some *** *** they done heard somewhere ...i just come on to laugh..not really get any news....I GOT TO TMZ.COM FOR THE REAL DEAL...LOL THEY SIT IN UR BUSHES TRYIN TO GET THE REAL SCOOP...
Just go to a nice neighborhood and buy two houses and connect them. YOu will save millions. Duh!
Dude was duct taped and hogged tied in that crib by them Vice Lords. I wouldn't wanna live there too if I make make all that money and gotta sleep with a chopper in whats supposed to be a good neighborhood!!
GOT *** I GUESS MONEY DON'T GIVE YOU A LOWER INTEREST RATE. GIVE DIS NUCCA A FINANCIAL ADVISOR PLEAZE!
No- he needs to call his accountant and find out WTF is going on.
Dude is stupid with money.
there are some very nice houses in burr ridge. but i don't understand why that fool didn't just pay cash instead of a mortgage. THIS is why those guys need to go to college for a year or 2.
They make blacks look ignorant and foolish! He a *** with money *** off so much money on "bling" and gucci bags for his *** wife now those *** don't got a pot to *** in they some stupid ***! Yeah I said it! They act like *** I G G * S! Call them that ***! I make 27,000 a year *** peanuts and I promise one thing this *** will never EVER be homeless!
he spent all of it on bad pus*sy cars and tattoos.
Eddy bruh, this has been a tough, TUFF year for U so far. U REALLY need to get it together. Go speak with Bishop TD Jakes, Bishop Eddie Long, Rev. Run or SOMEBODY cuz U DEFINITELY need someone to PRAY LONG AND HARD 4 U.
He was robbed so probably doesn't want to stay there anymore. I'm sure its up for sale. Buying market is bad though.
IT'S CALLED TRICKIN'
POPPN TO MANY DAM BOTTLES!
see what buying them stupid azz Kanye shoes will do to dumb "stuntin" azz niccas?!?!
He's still paying for HIS BLING BLING, you know when you arrive you got to REPRESENT Black peop...I mean dumb N*GGAS. Try investing like me, better yet like someone who has common sense!
*** IS IT THAT HARD PEOPLE?!
Thats whats with these men when it come to money they dont know how to manage it
This wat happens if u give ***!ggas some money
Maybe he spends his money on crack lol *** that will do it !!!
O well *yawns*
I heard dat Eddy...let dat *** go...fcuk 'em!!! banks got way more money than any of us.