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Bank Foreclosing On O.J. Simpson's Kendall Home

MIAMI (CBSMiami/AP) – JPMorgan Chase is moving forward with foreclosure proceedings on the Kendall home of O.J. Simpson.

Simpson, who is serving time in Nevada for kidnapping and armed robbery, bought the four-bedroom, four-bath house in 2000 for $575,000. Its current assessed value is $478,401.

The 64-year-old former football star and actor is serving a nine-to-33-year prison sentence in a 2007 armed confrontation with sports memorabilia dealers in a Las Vegas casino hotel room.

Miami-Dade Circuit Court records show that JPMorgan Chase filed for foreclosure in September.  Simpson's attorneys have since filed a motion to dismiss the case.

Simpson was acquitted in 1995 in the Los Angeles slayings of his ex-wife, Nicole Brown Simpson, and her friend, Ronald Goldman.

(TM and © Copyright 20121 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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