Dwyane Wade’s Chicago Home Is In Foreclosure, here’s why

Dwyane Wade doesn’t appear to be having any financial problems. But divorce in itself is a problem, and his split from his ex-wife was one of the ugliest imaginable. According to John “Hennry” Harris at BOSS Sports, Wade’s divorce has led him to allow the house his ex-wife owned to go into foreclosure, showing yet another chapter of this very ugly stage in his life.

Read more from BOSS Sports:

As Dwyane Wade and Gabriel Union are getting ready to trade wedding vows in South Beach, his Chicago home is in foreclosure.

According to lawful documents attained by TMZ, Wade stopped making payments on the $225K houseloan on his 7,800 sq. ft., South Holland home, with 6 bedrooms and a basketball court which all sits on a 3 acre lot.

D. Wade reportedly makes over $30 million a year and boasts a substantial net worth of $100 million and it is surprising for some that his $1.2 million home in Chicago is in foreclosure – surprising until one digs a little deeper.

This is the home that he and his former wife Siovaughn lived in with their 2 children until he filed for divorce in 2007. What followed was a very bitter divorce and his former wife got the home in a financial settlement along with a substantial financial payout, but was to also assume the payments on the home. Wade’s lawyer suggests that Siovaughn stopped making payments on the home, which she lives alone. Wade has custody of his sons.

Wade’s lawyer also adds that he has no further financial obligations to his ex-wife, but it does appear that he signed the loan papers initially.