The disgraced former Heisman Trophy winner purchased the property in 2000 for $575,000 and court papers parsed by South Florida celebrity and property gossip Jose Lambiet at Gossip Extra reveal he now "owes the bank a grand total of $892,283.11, including the $660,000-principal, fees, interests and court costs." The house, assessed by the Miami-Dade County appraiser at only $481,000, is scheduled to be auctioned on October 29 (2013).
Property records and aerial imagery show the single story 4 bedroom and 4 bathroom residence sits on 1.65 landscaped acres with a circular motor court, a half-court basketball court and a swimming pool.
What Your Mama wants to know is how come it took the bank three years to foreclose? They don't normally wait that long to foreclose on less (in)famous people, do they?
*Mister Simpson was recently granted parole on a few of his many convictions but will remain in prison for at least four more years.
aerial photo: Bing
wanna know why it took so long?
ReplyDeletethere was a story that a single judge in miami dade county had 3500 foreclosures to process
Mama, as always your last paragraph took the words right out of my mouth. Hard working and deserving people are losing their homes, and this slug takes 3yrs.
ReplyDeleteMama, recently banks have been sitting on many houses in areas where they know they can't re-sell them, deciding not to initiate foreclosure proceedings. I know of a family that owed $900k on a house now worth only $700k, they didnt pay their mortgage for three years and the bank DIDNT EVEN INITIATE any foreclosure proceedings of any kind. Nothing, not a notice of default, delinquency, whatever. In fact, when they sold their home it was THEM WHO HAD TO CONTACT THE BANK to negotiate a short sale.
ReplyDeleteIt's FL, nothing but foreclosures going on, I thought his football pension was $300,000.00 per year, why isn't he paying the mortgage?
ReplyDeleteWhy should he pay bills? He is O.J. Paying bills is for people who have to work for a living.
ReplyDeleteThey waited 3 years to see if he was going to get out of the slammer. You can't blame the bank, there's a whole lot of people out there that wouldn't want OJ Simpson's house. It will have to be disclosed, and they are going to lose bigtime on this one. It's going to go for a fraction of its worth.
ReplyDeleteNot to be too unkind (not really), but I'd think sentencing him to house arrest here would have been sufficient -- more like cruel & unusual punishment, IMHO.
ReplyDelete;-)
Where is Kendall ? Seems like a nice property, with plenty of land around it - but if thats the real value, Florida real estate is worse than I thought. Ca., at least SF & LA , is hot,hot,hot again.
ReplyDeleteLGB as usual u just made my day!!
ReplyDelete