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Bank Grabs OJ Simpson's Miami Home

JPMorgan Chase forecloses on 4 bedroom, 4 bath house

By Kate Seamons,  Newser Staff

Posted Jan 16, 2012 1:56 PM CST

(Newser) – It may be a good thing OJ Simpson currently has a (court-ordered) place to lay his head each night in Nevada: JPMorgan Chase is foreclosing on the incarcerated former football star's Miami home, reports TMZ. The AP notes that the bank filed for foreclosure in September on the four bedroom, four bath home. He purchased it for $575,000 in 2000; it's currently assessed at $478,401. Simpson, 64, is in the midst of a nine- to 33-year prison sentence related to a 2007 armed memorabilia heist.

OJ Simpson sits in court during his sentencing hearing at the Clark County Regional Justice Center December 5, 2008 in Las Vegas, Nevada.
OJ Simpson sits in court during his sentencing hearing at the Clark County Regional Justice Center December 5, 2008 in Las Vegas, Nevada.   (Getty Images)
OJ Simpson smiles as he arrives in court for his sentencing hearing at the Clark County Regional Justice Center December 5, 2008 in Las Vegas, Nevada.
OJ Simpson smiles as he arrives in court for his sentencing hearing at the Clark County Regional Justice Center December 5, 2008 in Las Vegas, Nevada.   (Getty Images)
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COMMENTS
Showing 3 of 23 comments
RinoHunter
Jan 17, 2012 9:18 AM CST
Can't make the payments?  You mean the $.12 per hour he makes in the prison laundry ain't hacking it?
Cat-Lover
Jan 17, 2012 9:15 AM CST
What stands out for me in this article is that a house OJ bought in 2000 for $575,000 is now worth $478.000. Whoever said a home is an investment?  It's a durable good, no different from a car.
Rational.-Anarchist
Jan 17, 2012 7:30 AM CST
I was going to comment further on this, but after reading all the others, I cannot add anything better, but can only say I agree!
 

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