Julius Erving Faces Foreclosure on Utah Home

NBA legend Julius Erving, universally known as Dr. J, is facing foreclosure now that he has defaulted on the mortgage for his 6,572-square-foot St. George, Utah home (pictured below) that he had custom-built in 2006, reported TMZ.

"When I moved to Utah, I thought about it as moving into semi-retirement, the back nine of my life," he told the Atlanta Journal Constitution when discussing his 2008 move to the Southeastern city after buying an Atlanta golf course that also went into foreclosure. "I was going to be out West. And now I find myself East and South."

Part of the troubles began for the former Philadelphia 76'er, who had his No. 6 jersey retired, when the homeowners association in Erving's Utah subdivision overlooking Zion and Pine Valley filed a lien on his home.

The association said Erving failed to pay $2,100 in assessments and fines, and soon the amount in dispute escalated with late penalties and attorney fees. The assessments were for improper outdoor lighting, a dead tree and misplaced garbage cans, reported KSL-TV, an ABC affiliate in Utah, which has 22 additional photos, different from the ones we show below.

The five-bedroom, 6.5-bath home features a home theater that has NBA logo chairs and a 150-inch screen, a master bath with a double-sided fireplace next to the tub, and a finished basement with a kitchen, walk-in closets, and a mother-in-law apartment. There are five fireplaces, a Find Local Homes for Sale Browse through photos of millions of home listings on AOL Real Estate See Homes for Sale Search Foreclosures for Sale Jacuzzi, swimming pool and a putting green. Also outdoors there is a covered deck, a fire pit, and a red, white and blue rubberized basketball court with the 76er logo.

The home with its 10-foot-tall doors had been listed by Cindy Campbell of ERA Brokers. It was originally listed in 2009 for $2.5 million and eventually dropped to $2.25 million before coming off the market in September.

Located at 2423 Granite Way, the home had a $1.5 million mortgage in 2006 and is worth about $2.22 million today, according to Foreclosures.com. Although Erving reportedly told TMZ that the home is underwater, that is the case only if he racked up a bunch of late fees and interest for non-payment. He had become delinquent on at least $20,000 in property taxes, according to KSL, but the county treasurer's office told the station that the taxes were paid in April, several months late, by the mortgage company.

Erving moved to Atlanta in 2008 to deal with the golf course he purchased by assuming a $11 million mortgage on it, reported the Atlanta Journal Constitution, but the monthly mortgage payment of $75,000 was too steep for the overpriced property, which was worth only about $2 million.








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Somehow I always felt that Dr. J. was a little above the "typical jock" category. Too bad.

December 19 2010 at 11:52 AM Report abuse rate up rate down Reply