A property of former NBA star Stephon Marbury in New York City might be lost in a foreclosure due to a debt that has accumulated since 2010, according to a report published on Wednesday, September 18.
According to the legal documents filed by the U.S. Bank International, the former New York Knicks point guard currently has an unsettled debt of $844,035 on his condo in New York. The bank is now seeking to foreclose Marbury’s property after he has failed to make a payment on his condo since March 2010. Stephon bought the two-bedroom and two-bath property that cost more than $1 million in 2006.
Stephon also had a property in Los Angeles that was foreclosed on last year.
The legal team at Greenway Bankruptcy Law, LLC, understands how frightening it is for Birmingham homeowners to face the prospect of losing their home to foreclosure. If you are in this situation, call us at (205) 324-4000 to find out how you might be able to prevent this from happening.