Wednesday, February 25, 2009

PHOTO: Yvette Prieto And Michael Jordan Buy A House In Miami

Michael Jordan and his girlfriend and Cuban model Yvette Prieto are buying a home in suburban Miami. And, not just any home, a $281,000 home. You read that correctly. $281,000... Why such a modest home for the greatest basketball player to ever live?

Because no matter who you are, if you've filed bankruptcy as Yvette did in 2002, you're not gonna be able to buy much even if your co-borrower is Michael Jordan. Here's the details from the Chicago Tribune:

Yvette Prieto, 30, and Michael Jordan, 46, co-own a three-bedroom home that property-appraisal records list as having three bedrooms and 5,500 square feet, according to Miami-Dade County records.

None of the neighbors called by the Palm Beach Post realized that the six-time NBA champion is on the deed of the two-story villa. Said the sexy-voiced Prieto: "I can't talk about the house just yet. Sorry."

The couple, last spotted together at the NBA All-Star Game, paid $281,000 for it in a down market. They took out a 30-year, $196,000 mortgage. Why did one of the best-paid NBA players take out a mortgage? Probably because Prieto, who's also a mortgage holder, filed for Chapter 7 bankruptcy in 2002. It took her two years to straighten out her finances.

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