Foreclosure DefenseForeclosure looms for NFL legend Terrell Owens

August 9, 2016

Former professional football player Terrell Owens is at risk of losing one of his properties to foreclosure after he failed to settle mortgages of over $900,000, an August 6 article of Realty Today reported.

According to reports, Owens defaulted $905,417.06 on his $2.2 million San Fernando Valley property that he and his former spouse Rachel Snider bought in 2014. The 42-year-old ex-member of the San Francisco 49ers and Dallas Cowboys reportedly made the property available for sale for a slightly higher price. However, no one as of reporting has shown interest in buying it. The 90-day extension given by the bank to Owens to settle his debt has already expired and he decided not to pay his mortgage since he is already selling his home, reports said. Owens, who admitted in past reports that he is already broke despite making 70 million dollars in the NFL, is also selling his 4,250 sq./ft. house in Sherman Oaks for $2.35 million.

If you are facing foreclosure, working with a skilled attorney is important,  especially if you are unfamiliar with the complicated process. Find out how an experienced attorney at Greenway Bankruptcy Law, LLC may work for you in Birmingham today by calling (205) 324-4000.

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