Former Kings-Current Rockets Guard Kevin Martin’s Sacramento Home Has Been Repossessed

Kevin Martin was traded away from the Kings to the Rockets a little over a year ago. Unfortunately, his Sacramento home was never sold. Kevin has been in default on the $1.5 million dollar loan since June and it was recently repossessed  after he and the bank failed to reach an agreement on a short sale.

Martin’s attorney, Michael Hackard has said his client “wants to do the right thing. … He’s not walking away. We’ve got a certain dispute with the lender.”

Hackard said Monday that Martin’s lender refused to approve a $941,000 short sale on the property, though Martin offered to pay an additional $50,000 to bridge part of the difference between the sale price and his outstanding loan.

Aurora Loan Services  wanted Martin to kick in $500,000 on top of the short sale offer.

Brings up an interesting point, should athletes look to rent or lease in the cities they play in since they can be traded, waived etc at anytime? Also, are banks obligated to accept a short sale when it’s clear that Kevin was trying to do the right thing in spite of his work situation?

With the impending lockout looming on the horizon, I expect to see more stories like this. And don’t forget, it looks as if the Kings will be the Anaheim/L.A. Royals next year, that’s going to cause a flood of houses to be placed into the Sacramento marketplace during an economic downturn (or whatever we’re calling it this week)

It’s a beautiful house, the 5,000 square feet 4 bedroom and 4 bathroom home is located in the gated community of Whitney Oaks. I love the light fixtures and open air feeling of the living room.

 

Jill Munroe

Jill Munroe is a Los Angeles-based host, producer, and writer. You can find her work on sites such as FoxSports.com, EURweb.com, and MSN.com. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists. Munroe has also been a frequent guest on ESPN radio and Yahoo Sports. In 2015, Munroe released her first book, "PostGame Pass: access into "the life" JillMunroe.com

Share
Published by
Jill Munroe

Recent Posts

‘Reasonable Doubt’ Season 2 Hulu Tackles Friendship, Power & Secrets | Exclusive with Raamla Mohamed & Emayatzy Corinealdi

Hulu's *Reasonable Doubt* highly anticipated second season delivers a complex mix of courtroom drama, personal…

2 weeks ago

Frasier Reboot Season 2: How Olivia, Eve, and Roz Redefine Strong Female Characters | Watch on Peacock

The *Frasier* reboot on Peacock returns for its second season, bringing back the beloved character…

3 weeks ago

Puff Daddy, Hugh Hefner, and 70s Rock Icons: Two Sides of the Same Coin?

The lifestyles of music and media moguls, from rock stars of the 1970s to hip-hop…

4 weeks ago

Zoë Kravitz on Directing ‘Blink Twice’: Exploring Paradise, Danger, and Feminist Themes

Zoë Kravitz on Directing 'Blink Twice': Crafting Tension in Paradise Zoë Kravitz has stepped behind…

4 weeks ago

Diddy’s Explosive New Lawsuits: Drugging, Assault, and Voodoo Tattoo Connection

Sean "Diddy" Combs has found himself at the center of a storm, with new allegations…

4 weeks ago

“Seeking Mavis Beacon:” A Cultural Icon Who Was Never Real

The mystery behind Mavis Beacon, the face of the beloved 1980s typing software, has intrigued…

2 months ago

This website uses cookies.