Former NFL player Terrell Owens, the star wide-receiver notorious for his off-field antics, is facing foreclosure on two of his Dallas condominiums, according to a real estate website that tracks foreclosure filings. The two upscale condos, which are less than three miles apart, will be auctioned on March 6th.
One property is being auctioned for $279,000. The other has more square footage and is a 2-bedroom townhome with lovely views of downtown and a gigantic dandelion on one wall. The asking price on that one is $239,900.
No one knows why Owens needed two (or more, who knows?) places to live within miles of each other.
Though he earned more than $80 million during his career, Owens isn’t the first athlete to fall on tough financial times. More than 3/4s of retired NFL players lose their fortune within 2 years, and 60% of NBA players become financially insolvent within 5 years of leaving the league.
Owens has lost nearly all of his money due to bad investments and steep child support payments, according to recent reports. In addition, expensive mortgage payments on his multiple properties have become unsustainable. Owens’ property in Atlanta is on the market, and he sold a place in south Jersey for less than half the amount that he had paid for it.
Exacerbating his financial troubles, Owens, who has had an NFL career that includes stints in San Francisco, Dallas , Cincinnati, Philadelphia and Buffalo was unemployed in 2011 because he needed to recover from a surgery on his left knee.
But Owens has a job in football again. He scored 3 touchdowns on Sunday night in his first game for the Indoor Football League’s Allen Wranglers, according to Yahoo! Sports.