OJ Simpson Bank Foreclosing on FL Home

1/16/2012 8:22 AM PST

OJ Simpson -- Bank Foreclosing on Florida Mansion

While OJ Simpson rots in the Big House in Nevada ... he's about to lose his big house in Florida.

According to court records, JPMorgan Chase bank is foreclosing on the 4 bedroom, 4 bathroom home OJ owns in Miami. Simpson bought the home in 2000 for $575,000 ... but the home was recently assessed at $478,401.

OJ is currently serving time in a Nevada prison for kidnapping, armed robbery and other charges stemming from an incident in 2007, in which OJ took a bunch of sports memorabilia at gunpoint.