Welcome to the Homes4SaleUtahRealEstate.com Blog

2012-02-28 10:53:27
Terrell Owens Faces Foreclosure on 2 Dallas Homes

Terrell Owens has been fumbling with his real estate portfolio for some time, but now it looks like he’s really dropped the ball. Owens reportedly faces foreclosure on not one, but two Dallas condominiums.

The football star’s ritziest Dallas condo, which Owens once listed for $2.25 million, along with a more modest unit located less than three miles away, are both scheduled to sell at auction on Tuesday, March 6, online foreclosure marketplace RealtyTrac reports.

Owens owes a total on the properties of well over a half a million dollars, RealtyTrac says.

The foreclosssigure, brought to our attention by The Huffington Post, appears to be the latest chapter in Owens’ ongoing struggle to manage his real estate holdings.

Owens, who signed a $34 million, four-year deal with the Cowboys in 2007, listed the two properties in 2011. He later slashed the price of his more expensive condo, located in Dallas’ Azure high-rise, to $1.6 million in an attempt to sell the home in a short sale, according to Dallas blogger Candy Evans.

In 2010, Owens sold his Moorestown, N.J., property for less than half of the $3.9 million he paid for it, Zillow reported. As of February, his Atlanta home is still sitting on the market, GQ reported.

Despite raking in over $80 million during his tumultuous career, Owens has lost most of his money to ill-advised investments, which included the $2 million stake he bought in an entertainment complex in Alabama. Its electronic gambling operation was judged illegal.

The Dallas Cowboys released Owens from his contract in 2009, following repeated clashes between Owens and other team members. Currently, he is playing for the Indoor Football League’s Allen Wranglers, but says he intends on returning to the NFL. He turned some heads with his debut performance last Saturday, when he scored three touchdowns on three catches.

With his departure from the Azure high-rise, Owens leaves behind fellow football star Deion Sanders, who owns a penthouse in the building that was once listed for $7.5 million. Sanders mediated a feud between Atlanta Falcons cornerback DeAngelo Hall and Owens in 2006, which began after Owens spit in Hall’s face.

By Teke Wiggin

Blog Archive
2017-01-02 11:10:21
Here's to a Wonderful 2017!

2016-12-26 14:41:15
Top 5 Reasons You Should Not For Sale By Owner

2016-12-23 12:01:49
Existing Home Sales Surge Through The Holidays

2016-12-22 10:01:07
The Fed Raised Rates: What Does that Mean for Hous

2016-08-11 09:33:51
Luxury Home Sales & the Impact of the Stock Market

2016-08-10 07:51:28
Home Sale Up in Every Price Range over $100K

2015-09-21 14:05:05
Beautiful Murray Home For Sale

2014-11-28 03:07:53
Existing Home Sales Rose in October

2014-10-28 10:43:22
Q3 Home Sales Report Salt Lake County

2014-10-27 14:59:15
Lenders Step Up to Help VETS

2014-02-15 23:55:52
Washington's Birthday - President's Day

2013-08-07 18:39:56
High Tide for Area Second Home Investors?

2013-07-02 05:46:10
Area Home Listings May Not Be on the MLS

2013-06-17 06:14:41
Selling Your Home This Summer?

2013-06-16 06:10:48
Mining Underlying Value in Utah Short Sales

2013-05-28 07:05:29
Virtual Tours Separate Looky-loos from True Pro

2013-05-06 07:08:27
Buying a Local Home is an Opportunity to Quiz the

2013-05-01 07:35:49
Utah Real Estate Market Watchers Find Another Surp

2012-11-21 23:53:47
ShirLee McGary Earns CRS Designation

2012-10-01 05:53:08
Local Buyer Agent Boosts Short Sale Odds

2012-09-29 07:09:24
Horse Property in Bluffdale Utah

2012-09-29 07:06:13
Great for First Time Home Buyers or Investors

2012-04-02 12:07:16
NAR Reports Investor Sales Jumped 65%

2012-03-30 06:19:42

2012-03-24 10:27:48
January Case-Shiller Composite - 20

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.