OJ Simpson’s Florida Home in Foreclosure
Fallen football star O.J. Simpson may lose his Florida home to foreclosure.
As O.J. Simpson sits in a Nevada prison, serving a nine to 33 year prison sentence for kidnapping and armed robbery charges stemming from a 2007 run-in with sports memorabilia dealers in Las Vegas, he is in jeopardy of losing his suburban Miami home.
Miami-Dade County Court records show that JPMorgan Chase filed for foreclosure in September and that his attorney later filed a motion to dismiss the case and there has been no more activity on the case. O.J. bought the house in 2000 for $575 thousand dollars, but its current assessed value is $478,401.
Not surprisingly, the foreclosure ties back to the 1995 murder trial involving his ex-wife Nicole Brown Simpson and her friend, Ron Goldman. O.J. was the main suspect for the murders and was acquitted of the charges, but Ron's father Fred, brought a civil suit against O.J. The judge in that case found O.J. guilty of wrongful death and ordered to pay more than $33 million in damages to the Goldman family. Fred has since relentlessly gone after O.J. to make sure he pays up.
In 2007, O.J. released a book that was ghost written under his name titled, If I Did It which was a fictional account of how O.J. would have killed Nicole and her friend if he had actually killed them. O.J. was paid $750 thousand dollars for that book and had used $350 thousand of it to pay down a line of credit, but a bankruptcy trustee recovered that money as "ill-gotten gains" and handed the money over to the Goldman family, so the bank tacked that on to the mortgage to recover it. Since O.J. is sitting in prison, he can't pay the mortgage. Goldman family attorney, David J. Cook said it was only going to be a matter of time before he lost the house.
I guess if you have a spare $500 grand laying around, there's a nice four bedroom house in Miami you could probably buy very, very soon. O.J. isn't going to need it until at least 2016.