According to an August 6 article of Realty Today, retired professional football player Terrell Owens is at risk of foreclosure if he fails to sell his property, which has a defaulted mortgage of more than $900,000.
Reports said Owens, 42, already placed his $2.2 million property in San Fernando Valley on the market with a slightly higher price than he originally acquired it. However, reports revealed that as of writing no one has shown interest in buying his home. The bank reportedly decided to pursue foreclosure proceedings after Owens failed to settle $905,417.06 worth of mortgage debt within the 90-day extension period given to him. Owens, according to other reports, admitted that after his football career he has no other source of income. The upcoming “hall of famer” who earned approximately $70 million in his career is also selling his 4,250 square foot property in Sherman Oaks.
If you are threatened with foreclosure, seeking an attorney’s advice is critical, especially if you are unaware of the process. Speak with a Fayetteville attorney at the Bradford Law Offices, PLLC today by calling (919) 758-8879 to find out how we can help protect your home from foreclosure.