Richard will auction his 1981 home to pay his ex-wife, who has “blown up thousands” for fast food and a “failed truck deal”.
Serena and Venus Williams will soon be saying goodbye to their Florida childhood home as father Richard Dove Williams Jr. sells the $1.4 million mansion to pay off estranged wife Lakeisha Graham’s debt. The house will be auctioned off in an online auction on August 25 at 10 am.
According to The Sun, most of the proceeds will go to David Simon, who loaned Lakeisha $255,000 after she allegedly forged Richard’s signature to encumber the property, squandering it on fast food and a failed trucking deal would have. David’s lawyer has now filed a draft injunction stating that Richard cannot appeal the decision. It said, “Richard Williams has forever waived all claims, defenses and rights of appeal that he had or has that relate directly or indirectly to the above-mentioned lawsuit.”
The total debt
Ms. Lakeisha, 43, twice filed for Chapter 13 bankruptcy but failed to convince the courts that she had the funds needed to repay around $8,000 a month after falling into arrears. Now her debt has increased as Simon has proceeded with a new $62,555 bill spanning 36 pages. This has brought the total debt to $586,109, which includes the original loan amount, 18 percent interest on arrears for a total of $182,017 and attorneys’ fees of $125,075, according to the report.
Richard purchased the 4-bedroom, 10-acre spread at 12167 144th Place N in 1995 for $355,000, according to Palm Beach real estate records, as reported by the Miami Herald. The house has two bathrooms and a half bathroom. Built in 1981, Richard added a tennis court to the residence in 1995, and Serena and Venus spent hours training there. The white pillars in front of the front door are discolored and the house is surrounded by overgrown dead cindergrass and bushes. ‘The Sun’ received exclusive pictures of the Palm Beach Gardens home where the then-rising tennis legends lived after they moved from California to attend Rick Macci Tennis Academy.
According to the reports, aerial photos on Google Maps show two tennis courts in the backyard of the cul-de-sac.
The couple, who share son Dylan, are not doing well in the face of allegations made in court, including his allegation that Lakeisha forged his signature to transfer their West Palm Beach property into her name. Lakeisha admitted she faked his writing. But in court documents, she said he had asked her to do everything for him due to ill health, and the deeds and mortgage were all notarized and witnessed at a loan company, The Sun reports.