Former NBA star Antoine Walker is facing foreclosure

Antoine Walker, the former NBA star, who made about $110 million during his 13 year pro career playing for the Boston Celtics, Miami Heat, Dallas Mavericks, Atlanta Hawks and Minnesota Timberwolves is now facing foreclosure.

He was a member of the NBA All Rookie First team, named an NBA All Star three times and won an NBA championship, with the Miami heat 4 year ago. Antoine Walker is now facing foreclosure.

He has filed for bankruptcy and he’s hit by a $2.3 million foreclosure lawsuit for the Tinley Park home, purchased for her mother. According to the lawsuit documents, he has missed three months of payments reaching the $2.3 million. Walker is trying to recover now, by selling his other home in Miami which is on the market for $3.4 million, but according to Crain’s he has liabilities of $12,74 million versus assets of $4.28 million.

But Walker has some other financial troubles too. Recently he was arrested for filing bad checks for some gambling house. The problem is that the debt value is almost $1 million, debt cumulated between July 2008 and January 2009 at Ceasars Palace, Planet Hollywood and Red Rock Resort. He could face up to 12 years in prison, if convicted.

Category : Celebrities &Distressed Luxury Real Estate News