Even NBA Players Foreclose
Sure, when you play for the NBA, you have a pretty sweet deal. However, if you aren’t careful, just as any other regular Joe out there, you could find yourself in financial trouble and that’s exactly what happened to Julius Erving, NBA legend. Erving was forced to relocate from his custom-built mansion recently.
Back around the holidays in December 2010, Erving fell into foreclosure on his St. George, Utah house. The house was built back in 2006, especially for Erving. The 6,572 square foot home has 10-foot tall doors, a covered deck, a fire pit, five bedrooms, 6 ½ bathrooms, traditional dining room, home theatre (with an NBA logo chairs), a finished basement, and a mother-in-law apartment. We’re not sure if his mother-in-law ever moved in or not.
Julius Erving made his fame and fortune playing for the Philadelphia ‘76ers and evidence of it is throughout the home. The red, white, and blue rubberized basketball court is completed with their logo. It was in 2010 that the homeowners association filed a lien against Erving for a mere past due amount of $2,100.
The house, if you are ready to move in, is worth about $2.22 million and was listed in 2009 for $2. 5 million. Shortly after, the price tag dropped to $2.25 million. The house is no longer on the market, but Erving has since relocated.
If you’re wondering, Julius Erving, also commonly called Dr. J, currently resides in Atlanta. He moved there in 2008 to be closer to the golf course he purchased for $11 million.
Jon HuserBack to all blogs
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