There are some indications that the Poker Brat may behind on his mortgage
Even the most successful poker pros out there can experience a financial crisis, which might be happening to the 15-time WSOP bracelet winner Phil Hellmuth. Although Poker Brat has a lot of business in Las Vegas, most of his time is spent in Palo Alto, California; therefore, a few days ago, Hellmuth announced on Twitter that he is selling his home in Vegas. He actually took the offer to his Twitter followers as a good opportunity; however, there might be more to it. Poker Brat may have revealed some details about his financial situation, more than he probably would have wanted to share.
He is selling his three-bedroom house located on Bel Air Drive with the help of a former pro poker player and now realtor, Karina Jett. The Las Vegas County Club house includes a swimming pool and a nice view of the community’s golf course. Some of the true fans even recognized the balcony that was showcased in a clip made by the World Series of Poker (WSOP) in the past.
What has been shedding some light regarding his financial status is the “opportunity” that he is giving to fans to own his house, which seems pretty steep at $430,000. According to Realtor.com, the projected value of the house is $363,500. On top of that, some Internet super-sleuths found the house listed on Zillow for $325,261. This doesn’t mean that the value Hellmuth can bring to an asset is not being considered; he actually sold action in a WSOP turbo event at a 1.8 markup, the same as what he is asking for his house in Las Vegas, and for some, it might be a bargain.
However, Zillow notes that the property is pre-foreclosure. “The lender-initiated foreclosure proceedings on this property because the owner(s) were in default on their loan obligations. This property is not found on a multiple listing service (MLS),” reads the explanation on Zillow. In other words, it seems that Hellmuth didn’t pay his mortgage on time.