Former NFL Player Joey Porter Mansion in Foreclosure | BlackSportsOnline

Former NFL Player Joey Porter’s Mansion in Foreclosure

by Robert Littal | Posted on Sunday, March 17th, 2013
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Porter was arrested in December, for writing bad checks in Vegas, so this doesn’t come as much of a surprise. When athletes don’t have the money anymore to pay for their mansions, they just let them go into foreclosure.

It is a pretty common practice these days.

Boca Raton-based 1st United Bank filed a foreclosure lawsuit on March 6 against Porter and his wife over their home at 16900 Stratford Court in Landmark Ranch Estates. Built in 2006, the home is 10,600 square feet on 2.3 acres.

The lawsuit concerns a mortgage granted for $2.8 million in 2007 by the International Bank of Miami, which later failed. The Federal Deposit Insurance Corp. has a loss-sharing agreement with 1st United on Porter’s loan.

The neighborhood’s homeowners association filed a lien against Porter claiming that he hasn’t paid his dues dating back to July 2011. That’s the last year he played in the NFL.

Porter made over $30 million while playing for the Steelers, Dolphins and Cardinals.

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  1. nba is fixed says:

    This is why education is so important! If you make millions of dollars and you don’t know basic math(Percentages, ratios, division, subtraction) or how to invest it, you will be the next broke athlete profiled on ESPN’s 30 for 30 show!

  2. nba is fixed says:

    My list of five professional athletes who will be broke in five years:
    1. Randy Moss
    2. Rasheed Wallace
    3. Milton Bradley
    4. Shawne Merriman
    5. Dante Stallworth

  3. Elijahmartel says:

    You’re right education is important.However, math is not the subject that will help.”Basic financial managment for the richie and ignorant 101″is more suitable.

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