Latrell Sprewell Loses Home To Foreclosure

Ex-NBA player Latrell Sprewell is facing foreclosure on his $5.4 million Westchester County Mansion. He originally purchased the property in January 2000 for $2.3 million.

Sprewell’s Westchester Estate is set to auctioned off January 7, 2010 on the steps of the Westchester County Courthouse.

The word is Sprewell began to miss payments in April 2008.

Things look to be going in continuous downward spiral for Sprewell; he lost his 70 foot yacht, Milwaukee’s Best last year when he defaulted on the payments. The U.S. Marshals auctioned off the Italian-built yacht which was valued at $1.5 million for $856,000.00.

Hard times!

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