Wisconsin Foreclosure Homes

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Michael Jackson is not the only celebrity facing a possible foreclosure.

Three-time National Basketball Association (NBA) All-Star, Latrell Sprewell, is in danger of losing his half-million dollar home in River Hills, Wisconsin, according to USA Today. The report indicates that the former Golden State Warrior, New York Knick and Minnesota Timberwolve has not paid his $2,593 mortgage since September 2007.

Sprewell — who played 13 seasons in the league — earned an annual salary of $14.6 million in the final year of his career.

This is not the first time Sprewell is up against foreclosure. Last summer he defaulted on a $1.5 million yacht mortgage and lost the vessel at a public auction (it sold for $865,000).

It just goes to show once again that no one is immune to foreclosure — it can happen to anyone at anytime.

(Except for maybe Bill Gates and a handful of other zillionaires.)

deal.jpg

Location: Dane County, Wisconsin
City: Madison
Price: $237,500
Zestimateâ„¢: $268,000
Difference: $30,500

This three-bedroom, two bathroom contemporary home sits on less than a half-acre of land in the Ice Age Falls subdivision. It is conveniently situated within driving distance to major cities such as Milwaukee and Chicago, Ill. The two-story home is also adjacent to Park Greenway and bike path — perfect for children and young families!

Note: other comparable listings in this neighborhood range from $166,000 up to $270,500. For more property details or to speak with a local real estate agent/broker about this listing CLICK HERE.

To check out some of the other “Deals of the Day” feel free to visit our archive.

What’s the deal of the day? We comb through our nationwide database of more than 1.2 million distressed real estate listings to showcase some of the best investments available on our Web site each morning. These listings represent just a small fraction of the amazing investment opportunities available at Foreclosure.com. To find more bargains like the one pictured above search Foreclosure.com or sign-up for FREE Email Listing Alerts.

January 13, 2008 by Foreclosure.com | 2 comments

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