Bank forecloses on Sprewell's house

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06:53 AM ET 05.13
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A River Hills house belonging to former NBA star Latrell Sprewell 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.

Milwaukee Journal-Sentinel

Latrell Sprewell , Lisa Blumenfeld/Getty Images

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May 13, 2008 07:14 AM ET

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Bet he wishes he'd have taken that deal from Minny now.

Sports_Fan_19

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May 13, 2008 07:29 AM ET

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Soooooooooooooooooooooooooooooooooooo TYPICAL!

11amlin

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May 13, 2008 08:05 AM ET

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How is he supposed to feed his family with no house? It's the NBA fault

700 Level Lifer

Philadelphia , PA

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May 13, 2008 08:12 AM ET

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What happens if he gets angry at the bank for foreclosing the house?
Once he gets back in town, will he storm into their office?
If so, will he choke the banker?
- JL

Mr.Jay

San Jose , CA

Total Comments (1444)

May 13, 2008 08:13 AM ET

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Free Spree.

pencilneckgeek

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May 13, 2008 08:18 AM ET

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What a sickening mismanagement of wealth. Maybe Mark or Mike or Mook whatever his name is D'Antoni can reunite Spree and Houston for another run to the finals.

notbychoice

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May 13, 2008 08:56 AM ET

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I guess I always remember when he choked his coach over an issue... sad when athletes who had millions throw it away..

drj0514

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May 13, 2008 08:59 AM ET

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what goes around comes around. what a loser.

sidsux

Hagerstown , IN

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May 13, 2008 09:07 AM ET

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Question: after making the money this idiot made, why would he have a mortgage on a $400,000 home?

Hllywd: Old…

Columbus , OH

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May 13, 2008 09:08 AM ET

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How is he supposed to feed his family with no house? It's the NBA fault

700 Level Lifer | 05/13/08, 08:05 AM
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hahahahahaha my thoughts exactly

this is me and you

Sioux Falls , SD

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May 13, 2008 09:16 AM ET

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Latrell in the Latrine..I smell a comeback.

50yearfan

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May 13, 2008 09:17 AM ET

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This shouldn't be on Truth and Rumors...

dynamic

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May 13, 2008 09:33 AM ET

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Ahhhh...feels good to know i'm not the only one in debt!

waTCH Me!

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May 13, 2008 09:40 AM ET

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I would feel sorry for him, but I can't...

jj730

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May 13, 2008 09:42 AM ET

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amazing. almost 15 years after he bought the house, he's only paid down less than 80k of the principle. who the h--- is running his books? forget playing basketball... how about spree go back to school and get a 3rd grade education?

vewyphishy

Austin , TX

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May 13, 2008 09:44 AM ET

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Sports_Fan_19, my thoughts exactly. I bet he would sign a 3 years $21 million contract ina heartbeat now. The guy obviously knew nothing about money management. I have no sympathy for this idiot at all. He should have no money problems at all and has no one to blame but himself.

Jason70

Charleston, SC

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May 13, 2008 09:53 AM ET

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this just in: $21 millions not enough to feed my family!!

Epitome of Poise

Katzmandu, NY

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May 13, 2008 10:08 AM ET

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Sprewell for Secretary of the Treasury. NOW!

PoWeR tO tHe PeOpLe!

Dead Moines, IA

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May 13, 2008 10:08 AM ET

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guess his family eats alot. 21 mil could not cover it so why pay your mortage.

Vaughn9

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May 13, 2008 10:14 AM ET

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Between Basketball players and Rappers, you'll be able to pick up a cheap used Lamborghini in a few years...The problem will be however all of the illegitimate kids with no child support...Just ask Vernon Maxwell's 9 illegitimate kids...