(EXCLUSIVE) Ex NBA Star Speedy Claxton Loses NY Home In Foreclosure

May 29, 2016 by TJB Writer in Latest News with 5 Comments

Speedy Claxton

theJasmineBRAND.com exclusively reports, Speedy Claxton blew off a legal battle over his New York home for months and as a result the ex-NBA star has been ordered to vacate his pad, with the judge giving the green light to the mortgage company to foreclose on his home and sell it off at public auction.

Here’s the backstory: Nationstar Mortgage filed a foreclosure lawsuit against the Speedy aka Craig Claxton in New York Court. Back in 2007, Claxton took out a $540k mortgage to purchase a home in Queens.

The company explained the NBA star failed to make his mortgage payment on April 1st, 2015 and every month after that. The balance owed on the New York home – at the time of the lawsuit being filed – was $478,328.69 plus interest and late charges.

They filed suit demanding they be allowed to foreclose on Claxton’s home and kick the NBA star to the curb ASAP.

Meeka Claxton, Speedy Claxton

Then last month, the mortgage company headed back to court and demanded the judge grant them a default judgement — due to Claxton blowing off the entire case and never bothering to show up to court. The home in Far Rockaway, NY is listed as having 8 bedrooms, 4 bathrooms and is over 3,000 sq. ft.

Here’s the latest: Then on May 12th, docs were filed in the case which show the company’s motion was granted in its entirety giving them the power to kick Claxton to the streets and sell off the pad at public auction to the highest bidder.

Speedy has had a rough couple years, with the former NBA star currently battling it out with his soon-to-be ex-wife/Basketball Wives star Meeka Claxton in a nasty divorce that has been going on for over a year. The divorce is still pending in New York court.

Tags: basketball wives, celebrity foreclosure, celebrity lawsuits, exclusive, Exclusives, foreclosure, meeka claxton, nba, real estate, Reality TV, recommend, speedy claxton, sports, sports news

Authored by: TJB Writer

There are 5 comments for this article

Kim May 29, 2016 at 12:24 pm

I just want to know why doesn’t anyone PAY for there houses out right.Mortages are for those of us that don’t have a lot to put down on a house.And okay if you want to build your credit.But,These men sign million dollar contracts!How do you lose your home having that amount of money coming in? SIGH

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- Storm's Rage! May 30, 2016 at 7:30 am
  
  @ Kim. Good point. But, you have to remember, most of these dudes have a horde of people that they take care of as well as their professional teams of lawyers, accountants, etc. So, the milli dollar contracts can easily be dwindled. And you have to remember Uncle Sam will get his regardless.
  
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  - Kim May 30, 2016 at 7:18 pm
    
    I still say your roof over your head should be paid before you take care of this one and that one.And maybe they need to buy what they can afford.
    
    Reply to this message
John Exum January 17, 2018 at 3:01 pm

This is what you should do…Go to that address and ask anyone if Craig ever lived in this home. Then ask if they have ever been to his actual home. Have you? There are many reasons why people liquidate Investment properties and it isn’t my job to tell anyone’s business. But I can tell you anyone who read this nonsense believing he is “going through it” has no clue. Their are enough people out here trying to downgrade our black men. There is no need for us to do the same with no real insight into the personal finances of others. And yes, I do know for sure since I sold the house in the article and Craig not being able to afford the property was never the issue. Please do better.

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John Xav January 17, 2018 at 4:13 pm

The house was sold. Not foreclosed.

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