Sunday, July 5, 2009

Money & Business

The Home Front by Alex Markels

Ex-NBA Player Vin Baker’s Home Is Foreclosed

July 16, 2008 03:01 PM ET | Kirk Shinkle | Permanent Link | Print

Vin Baker, who played for a handful of teams during his 14-year NBA career, is the latest addition to the growing list of athletes and entertainment stars falling victim to the national housing crisis.

From the Hartford Courant:

The Durham house that was owned by former NBA basketball player Vin Baker, a six-bedroom, 9,300-square-foot Georgian brick colonial on a 12-acre parcel, has been auctioned at a foreclosure sale.The property, which features a two-lane bowling alley, basketball court, guest house and pool, was bought June 28 by U.S. Bank for $2.5 million, said Daniel B. Ryan, a Middletown attorney responsible for conducting the sale. U.S. Bank holds two mortgages on the property, Ryan said.

That $2.5 million price tag is a tough one to swallow. The home—which had been up for sale for more than two years—was originally listed at nearly $6 million, the Hartford Courant reported. (I mean seriously, who wants a bowling alley with only two lanes?)

Other stars feeling the housing pain:

Tags: sports | housing | foreclosures

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Reader Comments

WHO CARES AND DO YOU REALLY CARE?

LISTEN,FIRST OF ALL NO ONES PERFECT UNTIL YOU KNOW AND LISTEN AND TO BE ABLE TO UNDERSTAND THE PERSON SO UNTIL THEN RELAX ON THE JUDGEMENT REMINDER PEOPLE MONEY AINT EVERYTHING AND DAMN SURE WONT BUY YOU HAPPINESS WHAT I CANT UNDERSTAND IS WHEN ARE YOU GONNA LIFT YOU KNEE OUT THE MAN'S BACK INSTEAD OF LIFTING HIM UP YOU RATHER KEEP HIM DOWN BY BATTING HIM THE HEAD SO WHAT YOU LOST YOUR HOUSE YOU STILL GOT YOUR LIFE AND I KNOW MR.BAKER RATHER HAVE LIFE THEN OVER A HOUSE ANY DAY SEE PEOPLE WE ARE SUPPOSE TO IN COURAGE AND SAY BROTHER CONTINUE TO KEEP GOD FIRST AND NO MATTER YOU ARE STILL LOVED BY MANY .................................

Good Guy

Unlike Vin's cousin, I know him and have hungout with him and he is a genuine and loving guy. I really feel for this guy unlike so many that come into loads of money. I bet if Vin could get back a quarter of what he has given out to family and friends as well as passers-in-the-night acquaintances, he would be just fine now. The story goes "More Money, More Problems". Be careful what you ask for, you think about your money situation just as I do, how hard is it to manage, Vin's situation is just magnified to the upteenth power. No, I would not expect Vin to ride around in a honda accord like myself. What we fail to say is, he is supposed to like accordingly. Why make money and not enjoy it. Also people I want all to think about it this way. These super athletes carrers are shorter than many of ours and for that reason, theses guys have to make the money stretch until they are in their 70's, 80's, wives and kids included. Keeping that in mind an average player last between 5 - 8 years; some are more fortunate than that, but not many.

Hang in there Big Fella, God has something for YOU

Thats my cousin

Vin Baker is my cousin i hardly know him but I know he is a good guy and a good player just probably got caught up with acholol but who can you blame no one but your self and he the only who can get himself out of it and he could proabalby get himself out of it but damn I am look forward forward of meeting you some day in a flike 4 years you will here bout me because Im going to go to DUKE. Watch out for me in a few years

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Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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