At first glance, you might be wondering why Dwyane Wade’s house in Chicago would be in foreclosure. Wade makes around $30 million per year and has a net worth of around $100 million. The truth is that the house, which is located in the Chicago suburb of South Holland, was actually part of a settlement agreement to his ex-wife Siohvaughn Funches. The settlement also included a large financial payout, and Funches was to assume financial responsibility for the remaining payments on the 7800 square foot home, in which she lives alone.
Wade’s attorneys say that their client no longer has any financial responsibility for the home. Court documents don’t say how far behind the payments are, but Wade’s name appears to still be on the mortgage papers. The foreclosure notice was sent out on August 11th by the bank.