Full Count On Lenny Dykstra

CNBC reporter Jane Wells has written an article on the ever saddening saga of Lenny Dykstra, the once famed baseball player and supposed investing genius.

Dysktra, who filed for bankruptcy last year after his Players Club magazine went bust, is scheduled to appear in court today in Los Angeles to see through the final resolution of his Chapter 7 liquidation of his estate.

Last year, Dykstra had filed Chapter 11 so creditors couldn't foreclose on his $17.5 million mansion that he purchased from Wayne Gretzky. He believed he was the victim of mortgage fraud by J.P. Morgan (NYSE: JPM).

Throughout the past year, the court has taken over his estate, turned it into a Chapter 7 liquidation and Dykstra will walk away most likely with nothing.

J.P. Morgan Chase said it's still owed $13 million on the first mortgage taken out on the house , while a second lienholder states he's owed nearly $900,000. The proposed settlement for Dykstra's estate will have JP Morgan paying the estate $400,000 to resolve all claims and get the house. The trustee will give the bank $92,000 in insurance money to fix repairs, while the second lienholder may end up with nothing. Dykstra should also share this fate and for Lenny, it's bottom of the ninth, and a 100 mph fastball is coming and it looks like he's going down swinging.