Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo | Complex
Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo
By Chris Yuscavage | Aug 20, 2012 | 9:42 am | Permalink
Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo
After everything that happened to him last week, we didn't think things could possibly get any worse for Chad Johnson this week. We were wrong.
The former Dolphins wide receiver is starting off this week the same way he started off last weekwith a huge problem! According to a new report, Johnson is facing foreclosure on his $400,000 Miami condo. It seems Johnson just missed an $863 maintenance fee and also currently owes more than $28,000 in back pay on the property.
In addition to that news, it was also just reported that Johnson took out a private $150,000 loan from a pair of investors recently that required him to put up a $350,000 home currently occupied by one of his baby mothers as collateral. He has until 2015 to pay back that loan, but yeah. He's currently unemployedand about to go through a divorceso his ability to pay that back might be in serious doubt.
This kind of goes without saying, but it sucks to be Chad Johnson right now. We just hope everyone out thereincluding Johnson!is learning a lesson from all of this.
Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo
By Chris Yuscavage | Aug 20, 2012 | 9:42 am | Permalink
Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo
After everything that happened to him last week, we didn't think things could possibly get any worse for Chad Johnson this week. We were wrong.
The former Dolphins wide receiver is starting off this week the same way he started off last weekwith a huge problem! According to a new report, Johnson is facing foreclosure on his $400,000 Miami condo. It seems Johnson just missed an $863 maintenance fee and also currently owes more than $28,000 in back pay on the property.
In addition to that news, it was also just reported that Johnson took out a private $150,000 loan from a pair of investors recently that required him to put up a $350,000 home currently occupied by one of his baby mothers as collateral. He has until 2015 to pay back that loan, but yeah. He's currently unemployedand about to go through a divorceso his ability to pay that back might be in serious doubt.
This kind of goes without saying, but it sucks to be Chad Johnson right now. We just hope everyone out thereincluding Johnson!is learning a lesson from all of this.
gonna have to loan him some money
