ROCKLIN, Calif. (AP) –– A Northern California home belonging to NBA star Kevin Martin has been repossessed after he failed to reach an agreement on a short sale.
The Sacramento Bee reports that the former Kings player has been in default on his $1.5 million loan for the Rocklin home since June.READ MORE: Towering Rocklin Officer Didn’t Need Ladder To Save Senior Inside 2-Story Home
According to property records, Aurora Loan Services took possession of the house last week.
Martin paid about $1.9 million for the property in 2007. He has since been traded to the Houston Rockets, where he’ll earn $11 million this year.READ MORE: Sacramento Parents Questioning Homecoming Vaccine Requirements
Attorney Michael Hackard told the Bee that his client’s well-publicized earnings may have been a factor in the bank refusing to approve a $941,000 short sale on the property.
An Aurora representative did not respond to request for comment from the Bee.MORE NEWS: Multiple Big Rig Crash Closes I-80 Near Nevada State Line
(Copyright 2011 by The Associated Press. All Rights Reserved.)