OJ Simpson Faces Foreclosure From JP Chase Morgan On Miami Home
Rumors indicate former football hero and current felon OJ Simpson has begun the process of foreclosure on his Miami home.
Simpson has fallen behind on payments since being incarcerated after found guilty of armed robbery and kidnapping. He purchased the house in 2000 for $522,000 and took out a mortgage for $575,000.
However, after going to prison Simpson fell behind on payments and is currently in debt close to $725,000 and he is fighting the foreclosure, calling the banks reasons for filing it “vague.”