Terrell Owens Faces Foreclosure On Two of His Dallas Homes [Details]
Rucuss staffFebruary 28, 2012
Terrell Owens may have made millions of dollars during his NFL career but it wasn’t enough to avoid foreclosure.
Owens, who now plays in the Indoor Football League, is facing foreclosure on two of his Dallas condominiums, according to RealtyTrac. The two upscale condos, which are less than three miles apart, will be auctioned on March 6.
Owens is delinquent on a $360,000 loan serviced by JPMorgan Chase for a condo in the ultramodern Azure high-rise in Dallas, according to the foreclosure record. A second Dallas condominium is delinquent on a $295,920 mortgage serviced by Deutsche Bank.
Owens admitted to GQ magazine that he loss nearly all of his money due to bad investments and child support payments. His expensive mortgage payments on multiple properties didn’t help his money woes either.
Owens, who reportedly made $80 million during his NFL career, did not play in the league in 2011 because of a ACL injury and the fact that no team wanted him when he became healthy. The 38-year old scored three touchdowns with his new indoor team, the Allen Wranglers on Sunday.
More from Rucuss
- Terrell Owens Close to Signing With Indoor Football League
- Terrell Owens Cut By Indoor Football Team, His Lawyers Looking Into Possible Breach of Contract
- Terrell Owens Says He Doesn’t Need His Wife’s Money [Details]
- Terrell Owens Rushed to Hospital, Cops Called Last Thursday
- Money Woes: NFL Player Chad Johnson Allegedly Facing Foreclosure! [Details]
- Terrell Owens’ Wife Rachel Snider Hospitalized After Suicide Attempt