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Stephon Marbury’s L.A. home sold at foreclosure auction

Apr 2, 2012, 9:25 AM EDT

China Marbury AP

Stephon Marbury has been having a lot of success in China — he just won a ring, taking the Beijing Ducks to their first ever title. He’s a star with his own shoe line there.

He is happy and not coming back to the NBA, J.R. Smith told the New York Post. Good for Marbury.

Back home, however, he seems to be having some of the same problems as many other Americans. Marbury’s Los Angeles area home was sold at a foreclosure auction recently, reports TMZ.

According to new court docs, obtained by TMZ, Stephon owed $3.1 million on the 7-bdrm 8-bath 8,000 sq. ft. L.A. property — and the house was just sold to a lucky buyer for $2.275 million.

We’re not sure exactly what happened here, but there are no shortage of people who have just walked away from homes once they found themselves upside down in the last few years. This simply may be more of that.

But whenever he does come home from China he’ll need to find a new West Coast crib now.

  1. 700levelvet - Apr 2, 2012 at 10:50 AM

    Who?

  2. 303bengalguy - Apr 2, 2012 at 10:55 AM

    Doesn’t it seem probable that Marbury is happy in China precisely for the fact he gets to “start over” on the financial side? I mean, it’s not like US creditors can really touch him or any of the money he makes over there. He may never come back to the US, or even be welcome back to the US for that matter, and I think he’s made the choice to be a king in China and just roll with it, because he can be the star/baller guy there that he once was here but squandered away.

    He’s sacrificed some to live in China vs. living here in the US, but I think overall the value prop to him outweighs that sacrifice. IMO: Well played Marbury… well played.

  3. redbullenergydrink - Apr 2, 2012 at 11:41 AM

    I’d disregard my mortgage in the US too if I wasn’t planning on returning.

  4. claymatthewsisonsteroids - Apr 2, 2012 at 12:22 PM

    And China continues to one-up the US!

  5. mdturtlepower - Apr 2, 2012 at 11:00 PM

    There’s no “I” in team but there is in “China”. Good for him that his selfish brand of basketball has found success somewhere.

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