Wednesday, August 15, 2012

T.O. Going Broke?

According to the Forbes Magazine, Seattle Seahawks' Star receiver Terrell Owens is having financial problems. He is in the process of having 5 of his owned homes foreclosed on. Damn T.O. We hope you fly high for the Seahawks and get you a nice payout. Or go to Vh1 and get another show "T.O.: Can't CATCH a Break."


"Terrell Owens won’t win a popularity contest anytime soon. One of Forbes’ Most Disliked Athletes, the wide receiver has racked up years’ worth of bad behavior in front of fans on the field and teammates in the locker room.  Turns out he’s antagonized mortgage lenders, too.
In the past year, Owens has faced foreclosure on not one, but five homes around the country. Owens, who parted ways with the Dallas Cowboys in 2009, has defaulted on four condos in the Dallas area: two units in a swank high rise called the Azure and two on Commerce Street. The biggest, a 3,559-square-foot spread in the Azure, was sold in a short sale for $1.4 million in November, and a Commerce Street condo went in February for an undisclosed amount. The second Azure unit was repossessed by the bank for $293,699 in March. And the bank became the owner of the second Commerce Street condo in July for $311,595. After failing to make mortgage and condo maintenance payments on a Trump Tower apartment in Sunny Isles, Fla., it too was sold off in a short sale. The posh pad fetched $1.65 million in July."

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