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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. |
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.