Bank repossesses home of Rockets' Martin

April 5, 2011 2:56:21 PM PDT
A Northern California home belonging to NBA star Kevin Martin has been repossessed after he failed to reach an agreement on a short sale. The Sacramento Bee reports that the former Kings player has been in default on his $1.5 million loan for the Rocklin home since June.

According to property records, Aurora Loan Services took possession of the house last week.

Martin paid about $1.9 million for the property in 2007. He has since been traded to the Houston Rockets, where he'll earn $11 million this year.

Attorney Michael Hackard told the Bee that his client's well-publicized earnings may have been a factor in the bank refusing to approve a $941,000 short sale on the property.

An Aurora representative did not respond to request for comment from the Bee.

Load Comments