Olympic Swimming Star Ryan Lochte’s Parents Foreclosed
The parents of Ryan Lochte, the Olympic swimming star, just took a nosedive into the foreclosure crisis. About two years ago, Steven and Ileana Lochte stopped paying their mortgage on the Port Orange, Fla. home. Even with the millions of dollars the Olympic star made in endorsements, he decided to not help his parents. At this point, the home has not been listed on the market yet.
According to reports, the Lochtes borrowed $258,000 in 2007 for the home. They still owe about $242,000 on the foreclosed property.
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Plaxico Burress Listed Mansion in a Short Sale
Plaxico Burress’ life changed in 2008. He was convicted with two counts of criminal possession of a weapon. Moving forward to 2011, his fate changed. He was released from prison and able to save his Lighthouse Point, Fla. home from foreclosure. Now, the once well-paid rising NFL star is about to lose millions on the waterfront mansion.
In September 2005, he purchased the home for $3.995 million. The Broward County home was listed for $3.1 million, but an offer as little as $1.565 has come in. Regardless of the listing, Burress was able to hold on to the property a little longer. The home was just relisted for $2.3 million short sale.
The Fort Lauderdale Venetian-style home has five-bedrooms, marble flooring and a stained-glass dome in the entryway. Some of the luxuries of the mansion include a sun deck in the master suite, a media room, an office and elevator.
Miami Dolphins Daunte Culpepper Ft Lauderdale Home Foreclosed
Daunte Culpepper, the 2006 quarterback for the Miami Dolphins lost his almost 10,000 square foot home to the bank due to foreclosure. About 10 years ago, Culpepper signed a 10-year deal with the Minnesota Vikings worth over $100 million. Culpepper was then signed to the Miami Dolphins in 2006 after obtaining a knee injury with the Raiders from the prior year. Culpepper bought the property for around $3.6 million after the Miami Dolphins signed him.
Daunte Culpepper struggled from his past knee injury and only played with the Dolphins for one year. This ultimately led to his foreclosure on his house. Culpepper does still have another house in Broward County that he is currently living in.
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NFL Jevon Kearse in Foreclosure on Florida Home
It seems that we have another former athlete in foreclosure this week. Jevon Kearse was a NFL All-Pro superstar who retired three years ago. He played 11 seasons for the Titans and Eagles. This former football player is now in foreclosure. He owes the bank $5.25 million on a Pompano Beach, Fla. home.
The bank filed the foreclosure suit on the 6,000 sq. ft. home on Dec. 19. If that is not enough bad news for this athlete, the IRS stepped in and filed a tax lien against Kearse for $425,015. This was over his 2010 income.
To see the home, click here.
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NBA Allen Iverson’s Atlanta Mansion Foreclosed
In Dec., we learned that Allen Iverson’s Atlanta mansion was getting ready to be placed in a foreclosure auction. He defaulted on the $1.2 million mortgage, which caused it to go into foreclosure. The home is valued around $4.5 million. Iverson did not let go of the house without a fight.
In fact, he did delay the foreclosure auction until now. As of yesterday, the bank purchased the Atlanta mansion for $2.5 million (via TMZ). If that is not bad enough, during his divorce case this week, the judge basically called him the worst dad in the world.
This NBA superstar is not so super anymore.
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