Professional football player Terrell Owens was recently threatened with losing his San Fernando Valley property to foreclosure after failing to pay his mortgage, an article from Realty Today reported.
According to reports, the 41-year-old ex Cowboys/49ers player has defaulted on the mortgage for the property that he bought for around $2.2 million in 2014, in the amount of $905,417.06. Owens was given 90 days by the bank to sell the property or it would face foreclosure. He put the 4,350 square foot home in Sherman Oaks on the market for $2.35 million. Owens, who is expected to become an “NFL Hall of Famer,” has a reported net worth of $0. Throughout his NFL career, he earned around $70 million.
If you find yourself in the difficult situation of being threatened with foreclosure, working with an experienced lawyer is crucial. However, if you are in such situation in Cedar Rapids, the lawyers of the Hong Law, PLC, can represent you. Learn more about your legal options from us today by calling (319) 294-5853.
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