Another Potential Foreclosure For Latrell Sprewell

by Deidre Woollard (RSS feed)
Nov 29th 2009 at 7:01PM

Last year was a bad one for former NBA star Latrell Sprewell who saw his yacht, the 70-foot "Milwaukee's Best" repossessed and his $405,000 home in River Hills, Wisconsin facing foreclosure (Sprewell later settled this debt). This year doesn't seem to be bringing Sprewell much more luck. His Purchase, New York home is scheduled for a sheriff's sale at the Westchester County Courthouse on January 7, 2010.

LoHud.com reports that Sprewell purchased the 3.3-acre property in January 2000 for $2.3 million. He got a 30-year mortgage from Washington Mutual Bank for $1.612 million in 2004 and first failed to make payments starting in April 2008, around the time his other financial troubles began. The home was the site of an alleged domestic dispute in 2006. Sprewell was accused of attacking his girlfriend, Candace Cabbil, in front of their four children but prosecutors agreed in 2008 to drop the charges if Sprewell stayed out of trouble for a year.

A listing on Sotheby's Realty has the house at $3.8 million. It has seven bedrooms, a complete gym, pool and spa, basketball court, four-car garage and a recording studio. Listing pictures reveal large televisions, spiky metal sculptures and large open spaces.

Gallery: Latrell Sprewell in Purchase, New York

Tags: celebrity foreclosure, celebrity foreclosures, celebrity real estate, CelebrityForeclosure, CelebrityForeclosures, CelebrityRealEstate, foreclosure, latrell sprewell, LatrellSprewell

Filed under: Estates, Sports

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Reader Comments (Page 1 of 1)

sdfiasn Nov 29th 2009 9:24PM

Thanks for the info. Very helpful !

Steve Nov 30th 2009 3:20PM

What is wrong with these idiots? They get huge contracts and spend the money like it's nothing. Most of them went to college, so you would think they'd be smart enough to know their NBA careers won't last forever and then plan for that time.

Phillip Nov 30th 2009 3:32PM

I think his ugly blk butt will look good on the streets!

David Nov 30th 2009 3:39PM

I guess karma sucks. It got the thug eventually.

mhphammes Nov 30th 2009 3:39PM

This is awful that he has not grown up in all the years. Unfortunately making a lot of money did not help him raise his IQ any. Some people do not deserve the breaks they get. What a moron. I wonder if this is why he could not make it in the NBA? If he had gone into banking he would be getting a raise and a bonus. Maybe he likes to have his property taken back so he can see the sheriffs and their pretty cars come out.