Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo--------------------

[*Hulks Up*]

30 k is a lot just think this Dude prob didn't make a mortgage payment in for ever. One or two missed payments the bank won't go and foreclosed on you. Chad probably didn't pay for a long long Long while

Valid point I didn't even bother to think this might have been something on going and it's just bad timing. Yeah he would have had to be delinquent for awhile for them to foreclose. That makes even less sense to me because he was getting millions from the Pats.

 

[beenz]

Btw never buy property cash right? Just get a mortgage the mortgage
Rates are so low.

According to the coli financial advisors

Actually the theory still stands. Cuz if even if he ha the crib paid off, he'd still get a lien for not paying his condo assessments or owing back property taxes. I that were to happen, they'd still take his crib and he'd be out more cash.

 

[MikelArteta]

By googling I came across

According to Gossip Extra, Chad hasn’t paid the monthly $863-maintenance fees on his $400,000-16th floor crib since June 2009!
And it doesn’t end there: In need of some funds,Chad accepted a $150,000 loan from two private investors in Palm Beach and had to use a $350,000 house he bought one of his baby mamas for collateral!

 

[beenz]

that may just be his association dues that he owes. The fact that this happened so quickly supports my theory.

Associations move quicker than mortgage companies with foreclosure proceedings.

Also it could be the bank just making an example out of him cuz he's famous. Normally they ain't puttin cats out there for a foreclosure. Cuz ya millions of folks gettin foreclosed on on the regular.

 

[heisenburrr]

Chad Johnson ‏@ochocinco
I can't C where I'm going with my head down... RT @SnoopDogg: Keep ya head up @ochocinco it seems like u down n out

Chad Johnson ‏@ochocinco
After reading all of your books i should be on point... need to see you RT @hillharper: Brother come 2 LA we got help 4 u here! @ochocinco

Harper is the author of several books: Letters to a Young Brother: MANifest Your Destiny, published in 2006, Letters to a Young Sister: DeFINE Your Destiny, published in 2008 and How Men and Women Can Build Loving, Trusting Relationships, published in 2010. His fourth book, The Wealth Cure: Putting Money in Its Place, was published in 2011.



this fool has rap stars and personal gurus looking out for him

 

[MikelArteta]

Chad is still acting like this is a damn joke he's 36, broke his wife will get Hal of whatever he has left and he probably has another 40-50 years on earth yet.

 

[kevin arnold]

SEASON TEAM BASE SALARY SIGN BONUS CAP VALUE SALARY POSITION
2006 Cincinnati Bengals $ 2,750,000 $ 5,000,000 $ 7,119,801 $ 11,750,000 Wide Receiver
2003 Cincinnati Bengals $ 426,500 $ 7,050,000 $ 1,817,642 $ 7,501,500 Wide Receiver
2005 Cincinnati Bengals $ 1,000,000 $ 3,500,000 $ 3,419,801 $ 4,850,000 Wide Receiver
2009 Cincinnati Bengals $ 4,500,000 $ 7,665,764 $ 4,750,000 Wide Receiver
2008 Cincinnati Bengals $ 3,000,000 $ 5,000,000 $ 6,415,370 $ 3,550,000 Wide Receiver
2007 Cincinnati Bengals $ 2,500,000 $ 5,000,000 $ 7,615,370 $ 2,750,000 Wide Receiver
2001 Cincinnati Bengals $ 301,000 $ 1,436,000 $ 660,000 $ 2,096,000 Wide Receiver
2004 Cincinnati Bengals $ 526,750 $ 2,192,892 $ 826,750 Wide Receiver
2002 Cincinnati Bengals $ 351,250 $ 738,130 $ 379,130 Wide Receiver

 

[PabloEscobar]

man we need to start up fallen nfl wr fund brehs

 

[Alexander The Great]

meanwhile, he stays flying his twitter followers out to football games, buying 20 and 30 people meals, giving out 10k to one follower

cmon, smartenupchad

 

[STAN JONES]

Btw never buy property cash right? Just get a mortgage the mortgage
Rates are so low.

According to the coli financial advisors

I came in here to say the exact same thing

nikkas in that Dwight thread ain't know what the hell they was talking bout

How stupid would it be for a nikka that's probably gonna be retired or getting ready to retire 10 years from now to take on a 30 year mortgage for 20 mill mansion

 

[MikelArteta]

meanwhile, he stays flying his twitter followers out to football games, buying 20 and 30 people meals, giving out 10k to one follower

cmon, smartenupchad

A fool and his money are soon parted

There is a reason 70 percent of nfl players are broke 3 years after they play

 

[jadillac]

me too, he would talk about buying earrings from claire's and he was driving in a prius.

He was also drivign a semi-tractor truck and has multiple kids.

Sad thing is, he probably didn't even head butt her. Should did more than that.

Shoulda got his money's worth

@SnoopDogg: Keep ya head up @ochocinco it seems like u down n out

I'm sure he meant it another way....but

It sounds like Snoop is like, "Damn, tough break nikka, it seems like ur catchin major L's right now....keep ya head up though."

 

[posterchild336]

in fairness, he probably didnt have 400,000 in cash to pay for the condo.

in fairness? dude made much more than that in a year..no excuse
no

 

[STAN JONES]

Chad is still acting like this is a damn joke he's 36, broke his wife will get Hal of whatever he has left and he probably has another 40-50 years on earth yet.

They was married 31 days

Even without a prenup no judge in their right mind would give her half for being married 31 days

 

[Fredrick Thuglas]

30 k is a lot just think this Dude prob didn't make a mortgage payment in for ever. One or two missed payments the bank won't go and foreclosed on you. Chad probably didn't pay for a long long Long while

Not always true. I believe the bank reserves the right to call in a loan when ever they feel like it. If this is the case, they probably see that the money is drying up so they want to be first in line of people that will get paid in case he files bankruptcy or something.