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Stephon Marbury

Loses L.A. Home

At Foreclosure Auction

4/1/2012 6:05 AM PDT BY TMZ STAFF

Stephon Marbury
Good thing Stephon Marbury's making bank playing ball in China -- because his L.A. mansion was just sold at a foreclosure auction.

According to new court docs, obtained by TMZ, Stephon owed $3.1 million on the 7-bdrm 8-bath 8,000 sq. ft. L.A. property -- and the house was just sold to a lucky buyer for $2.275 million.

The docs don't say whether the bank plans to go after Marbury for the balance -- or if this settles his debt.

Stephon just won a championship playing basketball for the Beijing Ducks in the Chinese Basketball Association -- so it's unclear if dude's even aware this happened. If not, consider this a memo.

And can you believe it -- it's been nearly 3 years since Stephon went on the Internet and ate Vaseline in front of thousands of people. Those were the days.



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

No Avatar

1.

Canadasux    

"Lucky" home buyers in California? Cali home prices are a joke compared to most other home prices in the U.S. I don't care what kind of a house a person's looking to buy in Cali.

833 days ago
2.

haskel420    

yeah i remember seeing him on justintv eating vaseline,, i also have video of him smoking weed and then later buying shirts and talking about smoking weed..

833 days ago
3.

stu    

These poor bro's never had their daddies around to show them how to BALANCE A CHECK BOOK!!

833 days ago
4.

static    

A van on Crenshaw.

833 days ago
5.

Meanie    

Another stupid moron who thought that basket ball was more important than simple math and banking skills.

833 days ago
6.

Mike    

California is a non-recourse state. In other words, the banks can't come after him for the money they lost. You guys work for Harvey...he's a lawyer. Ask him before you put out bum dope.

833 days ago
7.

KicksandGiggles    

I just can't muster any sympathy for mansions in foreclosure because idiots with temporary $$$ do not understand these huge boxes actually have to be paid for.

833 days ago
8.

Joao    

After watching that clip I understand how he blew the money. He's an IDIOT! I bet his developmental age is somewhere between 11-13yo.

833 days ago
9.

lookItsMegRyan    

watching him coming unglued on justin tv was internet gold.

833 days ago
10.

Xaviera Marbury    

Okay look. I don't think we even sold our house in LA yet, so I don't know why people are always telling lies. Just give him a break. You just don't understand what he went through and I don't think any of you will ever cuz u are not him!!!! U MAKE MISTAKES AND YOU WANT TO BE FORGIVEN FOR THEM !!!!! And so do other people.

830 days ago
11.

jt    

FYI this was just his vacation home he owns an even bigger mansion in NY and according to GQ owns $75 mill in real estate including buildings that are rented 2 Homeland Security- I think he's doin just fine!

817 days ago

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