General News

Stephon Marbury close to losing home at foreclosure auction

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Sep 18, 2013 | 6:32am EDT

Basketball star Stephon Marbury is on the brink of losing his New York home as he has failed to pay the mortgage. The former NBA ace, who now plays in China, has already lost his Los Angeles base at a foreclosure auction last year (12) and now he reportedly owes almost $850,000 (£566,000) on his current property, which he purchased in 2006 for more than a million dollars. U.S. Bank International has filed legal documents against the sports star, insisting he hasn't made mortgage payments on the two-bedroom two-bathroom condo since March, 2010, according to editors at TMZ.com. If Marbury fails to make the payment, his home is likely to be sold at auction.

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