Clinton Portis, former running back who played in nine NFL seasons, has avoided a foreclosure on his condominium in Bristol Tower in Miami by selling it for $900,000, reports the South Florida Business Journal.
Purchased for $665,000 in 2004, the 2,070-square-foot condo sold for enough to allow Portis to repay his full loan as well as earn a 35 percent profit.
According to the report, the property was slated for foreclosure by JPMorgan and Chase, which filed a lawsuit against Portis and his mother regarding the original $512,000 mortgage Dec. 12. The mortgage was granted in 2004, the year in which Portis joined the Washington Redskins after his first two seasons at the Denver Broncos for an eight-year contract for $50.5 million.
An earlier report on the website says that as the property is not listed as his homestead residence, it may be an investment property or housing for a relative.
Portis began his career at the University of Miami. When he was still relatively unknown, Lee Corso singled out Portis' performance during a defeat by Florida State, saying "that kid can play for me any time." Portis' sophomore season was not as successful as he lost his job to Michael Rainha. However, in 2001, Portis bounced back as the Hurricanes won the National Championship.
Portis last suited up in 2010, playing only five games due to injury. He officially retired from the game in 2012 and was one of several dozens of former players in a lawsuit against the NFL over concussions they suffered. However, the lawsuit was resolved when the NFL agreed to compensate the players and provide for their medical care.
Last April, Portis was inducted into the UM Sports Hall of Fame.
