Sprewell in more trouble

In case you had any doubts, it's not a good time to be Latrell Sprewell, as the Milwaukee native's River Hills home has been foreclosed.  Looks like he's been spending too much money feeding his family and not enough making mortgage payments.  

The holder of the mortgage, RBS Citizens Bank, told Milwaukee County Circuit Court Judge David Hansher that Sprewell owes $320,284. According to River Hills records, the house is assessed at $610,000 and has an estimated fair market value of $667,980. Sprewell bought the house in 1994 for $405,000.

Sprewell, 37, a Milwaukee native and Washington High School graduate, has had other financial difficulties lately.

In January, his 70-foot yacht, "Milwaukee's Best," was sold at auction by the U.S. Marshals Service. The yacht, said to be worth $1.5 million went for $856,000, after Sprewell failed to make the $10,322 monthly payments. In March, Community Bank Group obtained a $72,698 judgment against Sprewell; in September 2007, the state filed a lawsuit against Sprewell for $72,102 in unpaid taxes. Neither judgment has been satisfied.

And yes, expect plenty more "I got my family to feed" jokes in the next few days.