Losing a home is nothing to make light of but, I have a hard time feeling sorry for those that mismanage their money and live far beyond their means.
NBA legend Julius Erving’s 6,700 sq. ft. house in Utah is on the brink of going into foreclosure. The property , which Dr. J has been trying to sell for over a year, went into pre-foreclosure last month after the former Philadelphia 76ers star defaulted on his loan. The fact of the matter is some have said that Dr.J owes more money then the house is worth…
MJ’s brother Jermaine Jackson’s 5 bedroom, 6 bathroom home will be sold in foreclosure for a minimum bid of $2 Million. This is scheduled to take place on January 21st in Pomona, California. I guess if he can’t pay Child support, he can’t pay his loan either… TMZ says that he could be homeless by next year.. Then again he always has momma to go home to… Right?
Born Maurice Young Rapper, Trick Daddy is broke and if everything goes wrong, he might be going to jail for back taxes. According to published reports, Maurice Young, known as the rapper Trick Daddy had the bank foreclose on his $320,000 Miami home in May and sold at a foreclosure auction these months.
But foreclosure isn’t the only problem Trick Daddy faces these days. The IRS filed an $85,366 lien against him and his wife September 3 in Miami-Dade County. They owe income taxes from 2007, 2008 and 2009,the lien says.
Another $16,709 lien was filed against the rapper and his wife on July 29 in Miami-Dade County, saying they owe income taxes from 2006. The IRS filed a $54,979 lien against the couple in income taxes from 2002.