​Terrell Owens Miami Property Goes Into Foreclosure

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May 17, 2012

Former NFL Pro-Bowl wide receiver Terrell Owens is about to lose his Miami condo to foreclosure. Owens, who purchased the property in 2006 for %1.55 million, has faced financial woes since he last played in the league 2 years ago.

TMZ is reporting that the Florida mortgage holder, Deutsche National Bank claims Owens owes $1.47 million on the South Florida condo and has not made payments in the last several months on it.

Owens bought the home in 2006 for $1.55 million, and the monthly payments were reported to be $5,126 which Deutsche says has not been paid since November of 2011.

Owens who, refuses to admit he is behind on payments of the home, is fighting the foreclosure by saying the bank “lacks standing” to foreclose.

After earning between $60 to $80 million in his 13-year career, he was not been able to get signed to a NFL team after a leg injury in 2010, and has since gone broke. Owens has blamed those around him of mismanaging his money and stealing it from him. He also owes several different women hefty child-support payments.

Owens is now playing for an indoor football team, the Allen Wranglers in Texas, which plays in the Independent Football League. As part of his contract to play for the Wranglers he was given a share of the team’s ownership.