T.O. loses Dallas condo to foreclosure
Indoor football newcomer Terrell Owens has lost a Dallas high-rise condo after JPMorgan Chase foreclosed on his property Tuesday.
The Dallas Morning News reports that the one-bedroom condo was bought by JPMorgan Chase for $293,000. Owens financed the property in 2007 with a $360,000 loan.
It’s one of two properties in the Dallas area Owens was trying to unload. According to the report, he sold a townhouse on Feb. 25 that was also scheduled to be foreclosed.
Owens serves as a cautionary tale for young NFL players of how even players with some of the biggest and brightest contracts in the league can quickly run out of all of their money with poor management skills, bad advice and careless decisions.
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Brad Biggs covers the Bears for the Chicago Tribune