Former NFL star O.J. Simpson's house is being foreclosed by JPMorgan, as he currently serves a jail sentence in Nevada for kidnapping and armed robbery.

JP Morgan began the foreclosure proceedings in September on Simpson's four-bedroom, four-bathroom Miami-area house, which he purchased in 2000 for $575,000. Losing his home is yet another blow for the former Heisman Trophy winner, who is currently serving nine to 33 years for his involvement in a Las Vegas robbery.

At the time of the crime Simpson claimed that he was trying to reclaim sports memorabilia, but was convicted of holding men hostage with weapons in a hotel room.

The conviction came more than a decade after he was famously acquitted in the murders of ex-wife, Nicole Simpson, and her friend, Ronald Goldman. The 1995 trial was must-see television and featured the famous line, uttered by defense attorney Johnnie Cochran, If it doesn't fit, you must acquit.

Although acquitted in the criminal trial, Simpson was found guilty in a civil case and was forced to pay $33.5 million in compensatory and punitive damages to the families of his alleged victims - which likely played a major role in his financial troubles.

At the time of his most recent arrest in 2007, Fred Goldman, the father of the slain Ronald Goldman, told reporters, I would have much preferred him found guilty of Ron and Nicole's death and put either to death or in jail then.