LatrellSprewell

Another Potential Foreclosure For Latrell Sprewell

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

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

Latrell Sprewell's Yacht Repossessed

by Deidre Woollard (RSS feed) —

Filed under: Luxury Cars & Autos, Celebrity Shopping

Former NBA bad boy Latrell Sprewell's days of cruising Lake Michigan aboard his yacht are over. A U.S. Marshal seized Sprewell's 70-foot yacht, "Milwaukee's Best." The $1.5 million yacht has a $1.3 million loan and the bank claims that Sprewell has not kept up with the $10,322 monthly payments and has not maintained proper insurance on the boat. The bank would like the boat sold to repay the debt. Sprewell famously turned down a $21 million contract a few years back. The yacht was built in 2001by Azimut-Benetti and Sprewell bought it in 2003.

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Tags: lake michigan, latrell sprewell, LatrellSprewell, nba, yacht