Former NFL Superstar Terrell Owens, now mired in debt, would soon be parting ways with his San Fernando Valley home. The options available, according to a report from tmz.com, are either to sell the property or the bank would foreclose on it.
It was learned from recently filed documents in court that the former 49ers and Cowboys star was in default on the mortgage on his home in the amount of $905,417.06.
The said property was purchased with now estranged wife Rachel Snider back in January of 2014 for $2.2 million. The property was listed on the market a little above the purchase price but no one has taken the football, so to speak.
Owens, by his own account, has stopped paying the mortgage because the property was already listed for sale in the market. The bank gave him an extension of ninety (90) days in order to pay the outstanding amount in full. The time has lapsed without payment.
In another report, this time from realtytoday.com, Owens is also selling his Sherman Oaks property for $2.35 million. According to listing agent Neil Klemow, "It's large, but it's still really homey and comfortable. There are five bedrooms, three up and two down. The master is upstairs."
The Sherman Oaks property is a two storey 4,250 square foot home situated on a corner lot. The porch is wrapped around the property line. The flooring is of French oak leading to individual bedrooms with separate bathrooms.
According to a report from celebritynetworth.com, Terrell Owens, a future NFL Hall of Famer has a net worth of $0. It is estimated that during his NFL career, the wide receiver had earned around $70 million. As of November 2011, he appeared before child support courts saying that he has no means of income as he had already stopped playing in the NFL.
