O.J. Simpson Foreclosure: Bank to Take Miami Home of Former NFL Star

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By Brendan Giusti, Christian Post Reporter
January 17, 2012|10:09 am

O.J. Simpson is facing foreclosure in Florida after failing to make payments and pay fees and penalties on his Miami home.

The move comes as Simpson remains in a Nevada jail for kidnapping, armed robbery and a slew of other charges after he stole a large amount of sports memorabilia at gunpoint in 2007.

Simpson’s Miami home, worth roughly $500,000, is being foreclosed on by JPMorgan Chase bank, which first filed the proceedings in September.

The home, which Simpson bought in 2000, has four bedrooms, four bathrooms and is more than 4,000 square feet.

The foreclosure marks the latest court filing against Simpson, who has spent significant time in recent years as a defendant.

Simpson is serving a nine-33-year prison sentence for charges stemming from the 2007 armed robbery and kidnapping.

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He was acquitted of murder charges in 1995 for the killing of ex-wife Nicole Brown Simpson and her companion, Ronald Goldman. The trial took place in Los Angeles and was televised nationwide.

The Goldman family levied a civil suit against Simpson, resulting in a $33.5 million wrongful-death judgment.

Simpson sparked criticism nationwide after publishing a book in 2007 called “If I Did It.” A judge ordered Simpson to pay the $750,000 payment for writing the book to the Goldman family.

Pay still occurring from Simpson’s work in the NFL and in movies also goes to the Goldman family to pay down the court judgment.

It is unclear how much money is still owed on the home.

Reports indicate that that value of the home dipped nearly $100,000 on the last assessment.

It is unclear what JPMorgan Chase will do with the foreclosed home. Some homes in similar situations are sold quickly, while others are eventually auctioned off – typically at a fraction of the market value.

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