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Posted: Wednesday, 01 July 2009 12:50PM
Eddy Curry's suburban mansion in foreclosure
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BURR RIDGE, Ill. (STNG) -- The multi-million-dollar home of former Chicago Bulls player Eddy Curry in southwest suburban Burr Ridge is in foreclosure, according to a filing Monday in Cook County Circuit Court.
Bayview Loan Servicing filed a foreclosure notice against Curry and his wife, Patrice.
According to the filing, Curry and his wife took out a $3,719,316 mortgage on the home at 6655 Lee Court on July 3, 2006.
The mortgagee named on the filing is Eddy Curry.
Morgan Stanley Credit Corp., the People of Illinois and Kay Bros. Enterprises Inc. are also listed as receiving notice of the suit.
A spokesman for Kay Bros. said the company built the home and is listed because it has a lien against the property.
At the time Curry and his wife took out the mortgage for the home, there was an initial monthly payment due of $28,675 with an interest rate of 9.25 percent, the filing said.
During the repayment period, the interest rate could drop to no lower than 3.25 percent, and could not go higher than 15.25 percent.
If the Curry's made their monthly payments on time, their final mortgage payment would be due in August 2036.
As of June 26, 2009, the amount due is $217,502.82, the filing said.
The Burr Ridge home was the site where several men broke into the residence, restrained Curry and his family, and robbed them in July 2007.
Curry -- who attended Thornwood High School and was drafted by the Chicago Bulls in 2001 -- currently plays for the New York Knicks.
The filing asks that the property be foreclosed and put up for sale.
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