Former NY Knicks point guard’s condo in foreclosure

A property of former NBA star Stephon Marbury in New York City might be lost in a foreclosure due to a debt that has accumulated  since 2010, according to a report published on Wednesday, September 18.

According to the legal documents filed by the U.S. Bank International, the former New York Knicks point guard currently has an unsettled debt of $844,035 on his condo in New York. The bank is now seeking to foreclose Marbury’s property after he has failed to make a payment on his condo since March 2010. Stephon bought the two-bedroom and two-bath property that cost more than $1 million in 2006.

Stephon also had a property in Los Angeles that was foreclosed on last year.

The legal team at Greenway Bankruptcy Law, LLC, understands how frightening it is for Birmingham homeowners to face the prospect of losing their home to foreclosure. If you are in this situation, call us at (205) 324-4000 to find out how you might be able to prevent this from happening.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.