BOSSIP Exclusive: Delonte West Loses $130K After Md. Home Sold At Foreclosure Auction

Ex-NBA Star Struggled With His Mental Health Earlier This Year

Troubled former NBA player Delonte West lost big last week when his foreclosed home in suburban Maryland was auctioned off to the highest bidder.

Ventures Trust, which holds the $450,000 mortgage on West’s two story, three bedroom house in Brandywine, Md., bought the house at auction July 1 at a steep discount. The company paid just $270,000, or 67 percent of the $400,000 that West paid for the pad in 2005, according to Prince George’s County Md. records.

Ventures Trust sued West in February, alleging he’d fallen nearly $45,000 behind on his $450,000 mortgage and hadn’t made the $3,283 a month mortgage payments in nearly two years. There was still almost $400,000 left on the mortgage when Ventures Trust sued West, and the company threatened to seize the house if he didn’t pay the debt back.

West put his house on the market for $315,000, but struggled to find a buyer.

It’s not clear whether West will pay the balance of the mortgage now that his home mortgagor bought the house – where West’s older brother Dmitri and his wife live – back. BOSSIP’s attempts to reach West and his brother Dmitri were unsuccessful Tuesday.

Last Friday’s sale could mean that West has one less problem to worry about as he recovers after he publicly unraveled earlier this year.

Last month, photos emerged of a disheveled looking West on the street holding a cardboard sign. West reportedly claimed he was helping a disabled homeless man that he knows.

We’ve reached out to Ventures Trust for comment.