Latrell Sprewell’s yacht sold at auction on Monday and his home could be foreclosed in order to pay the $1.3 million he owes on the yacht.
In court documents, the bank said Sprewell owed $295,138 in outstanding payments plus interest on his house.
Sprewell failed to make his mortgage payments of $2,593 per month from September 2007 to January 2008, the documents said.
