O.J. Simpson, the 64-year-old former football star, is facing foreclosure on his Miami home while he serves a prison term in Nevada.
Simpson purchased the 4,233-square-foot, four-bedroom, four-bath house in 2000 for $575,000, according to media reports. The home’s assessed value now stands at $478,401, the Associated Press reports.
Simpson was convicted of kidnapping, armed robbery, among other charges, from a 2007 confrontation with sports memorabilia dealers in Las Vegas. He is serving a nine to 33-year prison sentence in Nevada. Simpson was acquitted in 1995 of killing his ex-wife and her friend.
Simpson’s attorney has filed a motion to dismiss the foreclosure case against him. Even though Simpson is in prison, he still earns an income from his NFL pension, a retirement account, and residual payments from movies he appeared in.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/01/17/oj-simpsons-home-faces-foreclosure
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