« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Dr. J's Baller House -- On the Brink of Foreclosure

12/15/2010 11:20 AM PST BY TMZ STAFF

NBA legend Julius Erving is about to lose his 6,700 sq. ft. house in Utah ... because it's about to go into foreclosure.

1214_dr_j_house_Getty
The house -- which the former basketball star has been trying to sell for over a year -- went into pre-foreclosure last month ... after Dr. J defaulted on his loan.

Erving tells TMZ, the house is "substantially underwater" -- meaning he owes more than it's worth.

The house -- located in St. George, Utah -- is worth $2.23 million, according to Foreclosures.com.


For more sports stories, check out tmzsports.com!
35 COMMENTS

No Avatar
1.

JLS    

No clue who this man is but this is an all too common problem.

No matter who you are, these are really tough times.

1411 days ago
2.

nzmoores    


Dr. J. You were Michael before there was air.

1411 days ago
3.

BEK    

BOO HOO..WHERE IS ALL YOUR MONEY????SOMEONE WHO IS FAMOUS MAY LOSS HIS HOUSE...NOW YOU KNOW WHAT THE REST OF THE PEOPLE FEEL LIKE LOSING A HOME...BET YOU DID NOT CARE ABOUT THEM WHEN THEY WERE..MY CRYING GOES OUT TO YOU...:))))

1411 days ago
4.

harolddstc    

Wow the house is very beautiful. and i want to give best wishes for his big house.
http://zetacleargetyourtoenailcleansed.wikidot.com/

1411 days ago
5.

Dylan    

This is what's the matter with this country. He can't sell his house and figures he just won't pay, forclose, and take the ding on his credit for 7 years. It's total B*ll Sh&t! I'm so sick of these gready people, who bought houses they couldn't
afford, because they thought they could make a couple bucks. Now they just say F*ck it. I 'll just live hear for free for 8 months then let the bank take it. Who do you
think is gonna pay for it? US, dummy! Interest rates, fees, taxes! The money has to
come from somewere.


Thanks Dr. J

1411 days ago
6.

JR Jake    

That is too bad because St. George is a beautiful area.....it used to be fathers would bring their young families to live in that area (and Provo) and the girls are some of the prettiest you will find anywhere.

1411 days ago
7.

Dylan    

This is what's the matter with this country. He can't sell his house and figures he just won't pay, forclose, and take the ding on his credit for 7 years. It's totall B*ll Sh&t! I'm so sick of these gready people, who bought houses they couldn't afford, because they thought they could make a couple bucks. Now they just say F*ck it. I 'll just live hear for free for 8 months then let the bank take it. Who do you think is gonna pay for it? US, dummy! Interest rates, fees, taxes! The money has to come from somewere.

Thanks Dr. J

1411 days ago
8.

Jeff Portlance    

He signed the loan for the house. It doesn't matter that the house is not worth as much as when he first bought it. You signed a "CONTRACT" to buy the house for the purchase price, now pay it.
This is just another person walking away fron their responcibilities in life. It doesn't matter that the house is under-water. A home is NOT an investment like the stock market because if it is.. guess what, stock prices go up & down!! A home is to live in and own.
Kinda lost some respect for an NBA Legend.

1411 days ago
9.

KAM    

ANOTHER 1 FOR THE HARD WORKING TAXPAYERS OF AMERICA.....

1411 days ago
10.

Kimba10    

I'll never understand why people (celebrity's) make it all the way to the top. Have it all, money, power, respect and then they spend billions buying million dollars homes/vacation homes acting like their money will last a life time and wand up losing it all, owing in back taxes.

1411 days ago
11.

SUN    

Give the man a break!! Maybe he can no longer afford the payment... I am sure the economy has affected him like everyone else. Why assume he is just not paying, and besides why feel sorry for the banks who will write this off anyways?? The banks themselves had to get BAIL-OUTS, because of their greed off our tax dollars, and now are making profits again, and giving their CEOs huge bonuses. So quick to persecute anyone who has more than us. TMZ, pointed out he is upside-down in his mortgage; this doesnt mean its the reason he has been trying to sell his home for over a year.

1411 days ago
12.

Cat    

hey mack - thanks for the bio - I remembered who he was once you posted all the cool stuff that he did.

KAM & Dylan - I bet Dr J has paid plenty of taxes in his lifetime - probably more than you have. His story is not unique so why are you hatin' on him? it scares me too, but I have faith and I keep the faith.
this sounds like more blame-the-victim stuff because you're actually terrified of what's happening with our economy, is that right?! losing your home can rip your heart out of your chest, but it looks like he's keeping it together. and there's a million different reasons why it can happen.
the mortgage system is set up to keep the richies richer - it's an unfair system and it wasn't always a part of EVERYONE's lives in the USA. in fact, most people owned their own land and their own homes. if you don't believe me, go do some geneaological research and find out how many people used to OWN their own homes and farms in the 1800s.
that sure has changed! I blame the banks for creating this miserable mortgage system where you pay three times what your house is worth if you ever manage to pay off your 30-yr mortgage. why can't mortgages be like credit cards and you pay your 6% interest or whatever it is every year until the house is paid off? no, the mortgage monsters fix it so it'll be decades before you even pay off the dang interest they're charging you!
it's not even American!

hang in there, Dr J, everything will be all right.

1411 days ago
13.

Jay    

Don't know if Doc has $$$ problems, because he's part owner of a Coca-Cola Bottling Company in Pa., and why save the house if it's not worth what he's paying for it and he doesn't even live there.

1411 days ago
14.

Lemonade    

Hey - someone - anyone - give me a line of credit of 2 million... and I'll put money down on a house I don't plan to live in and then stop paying the mortage on it until the bank gets pissed and moves to foreclose. What's the big deal? Guess my name!

1411 days ago
15.

kim f    

Please put this on TV: KOBE, LEBRON, SHAQ....ETC...YOU GUYS SHOULD HELP HIM OUT.
HE REVOLUTIONIZED THE LEAGUE AND THE NBA. BUY THE HOUSE
FOR HIM. IT WOULD COST EACH OF YOU 750,000, EVEN IF IT COST EACH OF YOU A MILLION...THAT WOULDN'T HURT YOUR WALLETS AT ALL. DO IT FOR DR. J.

1411 days ago
| 1 | 2 | 3 | Most Recent | Next 15 Comments

Around The Web