Today it was reported that the infamous former NFL star O.J. Simpson is facing foreclosure on his Florida home. Simpson, who is serving a prison sentence of up to 33 years for an armed robbery and kidnapping conviction in 2007, is accused of not making a mortgage payment since 2010, CNN reported.

The Simpson home facing foreclosure litigation is located in Kendall, Florida. According to court records from the Miami-Dade County Clerk's office, the initial foreclosure complaint against Simpson was filed in September. Simpson's lender is JP Morgan Chase.

Apparently, Simpson's lawyer filed a motion to dismiss the foreclosure against the 4-bedroom, 4,000-sqaure-foot home in November, but a source told CNN that the lender plans to move forward with the lawsuit.

CNN reported that Simpson purchased the home in 2000 for $575,000 with a first and second mortgage. In 2003, Simpson reportedly refinanced the home loans with a $592,000 loan through Washington Mutual, which was eventually acquired by Chase.

As a result of the housing market collapse, Simpson's home now has an assessed value of $478,401, and he owes more than $700,000 on the property after penalties and fees accumulated. Simpson did not participate in the state's mortgage mediation program, CNN reported.

Although O.J. Simpson's situation is an extreme case, some Florida homeowners find themselves unable to make payments on their home loans because they are incarcerated or incapacitated for another reason.

In these situations, it's extremely important that homeowners contact a foreclosure defense attorney in their area who can help them deal with their foreclosure case before it is too late.

Source: CNN Money, "O.J. Simpson faces foreclosure on Florida home," Les Christie, Jan. 18, 2012