Remember when Latrell Sprewell turned down a big, fat $21 million contract with the T-Wolves because is wasn’t enough moolah to feed his family? Well, a couple years later, it looks Sprewell might be forced into a part time gig as a grocery sacker.
The former coach-choker is apparently up against some hard times and is looking to make a little extra cash, but Spree isn’t like us, he doesn’t have to go to the blood bank or haul his guitars and X-Box to some shady pawn shop. Of course, Sprewell owes a lot more than he could ever get from the corner Quickie Pawn.
Former Knick star Latrell Sprewell’s home is up for foreclosure and his yacht sold at auction to help pay off the $1.3 million he owes on the boat, according to court filings. …
RBS Citizens NA, or Citizens Bank, filed a foreclosure suit last week in Milwaukee County for the $405,000 home Sprewell bought in the Milwaukee suburb of River Hills in 1994.
In court documents, the bank said Sprewell owed $295,138 in outstanding payments plus interest.
Sprewell failed to make his mortgage payments of $2,593 per month from September 2007 to January 2008, the documents said.
Last month, Sprewell’s 70-foot yacht, named “Milwaukee’s Best,” was sold at auction for $856,000 to a man from Milwaukee. It was originally worth about $1.5 million. The bank holding that mortgage, New York-based North Fork Bank, asked that it be seized to pay off $1.3 million in debt.
Sounds like someone has been attending the Scottie Pippen Institute for Poor Investments.
[NYPost.com]: Sprewell forced to sell yacht