Ex-Bull's home in foreclosure SUBURB MANSION | Eddy Curry behind $217,000 Comments June 30, 2009 BY NATHAN MILLER Staff Reporter Eddy Curry's multimillion-dollar mansion in southwest suburban Burr Ridge -- where the former Chicago Bulls center was bound with duct tape and robbed two summers ago -- is now in foreclosure, according to court documents filed Monday. The former Thornwood High School star, now a member of the New York Knicks, as of Friday was behind $217,502 on his $3.7 million mortgage, foreclosure documents show. Bayview Loan Servicing filed the foreclosure notice in Cook County Circuit Court against Curry and his wife. According to the filing, Eddy and Patrice Curry took out a $3,719,316 mortgage on the home at 6655 Lee Court on July 3, 2006. When they were granted the 30-year mortgage, there was an initial monthly payment of $28,675 with an interest rate of 9.25 percent, the filing said. During the repayment period, the interest rate could drop to no lower than 3.25 percent, and could not go higher than 15.25 percent. If the Currys made their monthly payments on time, their final mortgage payment would be due in August 2036. Curry's lawyer could not be reached for comment Monday. The sprawling Lee Court home was the scene of a harrowing holdup in July 2007. Three masked men were waiting for Curry and his family when they arrived at the house. The gunmen bound the 6-foot-11, 285-pound Curry with duct tape, and also tied up his wife, two family members and a staffer, police said. The gunmen separately took Curry and his wife around the house to point out jewelry and cash before fleeing. No one was hurt. Two men were later charged in the stickup. The same men also were charged with tying up and robbing NBA star Antoine Walker, a Mount Carmel grad, in his River North condo that same summer. Violent crime touched Curry again this year when his ex-girlfriend and their 9-month-old daughter were slain in a South Loop condo. Curry's 3-year-old son was found unhurt in the condo. A lawyer linked to the girlfriend was charged with the January murders. http://www.suntimes.com/sports/basketball/bulls/1645018,CST-NWS-curry30.article
weird you would think curry would have just bought the house straight out in cash after he got his hefty deal with the knicks
They need to let Dave Ramsey do the rookie synposium. Why would you have a mortgage when u make 10m per yr?
Most guys in this league are absolute imbeciles with their money, especially the high schoolers. LeBron seems to be a major exception, but most guys screw themselves during their first couple of contracts and panic when they realize they're in heavy debt and only have a few years left to play. That this is Eddy Curry is no surprise at all to me. Out of that $10M per, he actually brings home ~ $3M per. How he couldn't come up with $3500 a year is tough to figure out. Straight cash was probably a bit much, but a 5-yr fixed rate should have happened with no trouble.
1) If you have the money why take out such a HUGE mortgage. 2) If you get the loan why not look over the paperwork to check that it's a fixed rate one.
He had an adjustable mortgage? Why are so many NBA players so stupid? Alot of people dont have the best education growing up, but when you finally make it, you would think that you would want to know a little something before signing over 3 million dollars. Curry, I feel bad for your family loss and getting jacked in your home, but I DO NOT feel bad about your forclosure. Sell the place and take a loss or rent it out. NBA Players = rapid increase in stupidity.
so he bought a house with his wife in '06, and as of '09 has a 9 month old with his "ex"-girlfriend? must be nice to be a pro athlete.
It sounds like he is even dumber than he looks, which isn't shocking $10mm salary = $3.7mm house foreclosure = FAIL
