OJ Mayo’s Milwaukee Mansion In Foreclosure, Reportedly Owes $1.1M
Former Milwaukee Bucks shooting guard OJ Mayo is reportedly close to losing his $1.8 million mansion in Milwaukee because he hasn’t made payments in over 10 months and still owes $1.1 million.
According to a report by TMZ Sports, the bank has now foreclosed the house and attempted to serve him with court documents multiple times.
Per TMZ:
“Here’s what we know … O.J. bought a $1.8 million home in Wisconsin after inking a 3-year, $24 million deal with the Bucks in 2013. At the time, Mayo took out a loan for $1.26 million to help pay for the crib.”
“But, according to court docs obtained by TMZ Sports … Mayo stopped making payments in April 2018 while still owing $1,137,302.42 on his mortgage.”
“Eventually, Mayo’s trainer told a process server that O.J. is currently playing overseas in China.”
According to Spotrac, Mayo made more than $45 million during his eight seasons in the league.
(Photo by Maddie Meyer/Getty Images)
Mayo was “dismissed and disqualified” from the NBA in July 2016 for violating the league’s anti-drug program. He was eligible to apply for reinstatement two years after that decision.
Now 31 years old, the former #3 overall pick in the 2008 Draft has not appeared in an NBA game since the 2015-16 season.
Go to Source
Author: Kyle Rooney
Powered by WPeMatico