Former NBA All-Star Latrell Sprewell walked away from his River Hills home in Milwaukee, Wisc., failing to appear in court recently to contest the foreclosure filing from his lender, RBS Citizens Bank, according to JSOnline.com.
Sprewell owed $320,284 on the home, which he purchased for $405,000 in 1994.
He defaulted on his mortgage because he refused to make monthly payments to RBS Citizens Bank on the loan and the lender had no choice but to repossess the property.
The report also indicates that the state filed a lawsuit against the 37-year-old in 2007 because of unpaid taxes to the tune of more than $72,000. In addition, Community Bank Group earlier this year obtained a $72,698 judgment against Sprewell.
For more on this situation, including information about the foreclosure on Sprewell’s yacht, click here.
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