Former NFL Star Loses Florida Home
Ex-NFL star Chad Johnson has lost his Miami home to foreclosure – and the pad was sold off to the highest bidder who won the auction for ONLY $100.
Earlier this year, Michael Pomerantz sued Johnson demanding his Miami property be foreclosed on due to the ex-NFL star defaulting on his home loan.
Back in 2012, Johnson executed a loan in the amount of $150,000 to purchase the Miami Gardens property. Then last November, Pomerantz and Johnson agreed to extend the term of the note and mortgage for an additional two years beyond the scheduled date.
Since they reached the agreement, he accused Johnson of defaulting once again for missing a payment, and he has refused to pay up on the debt.
Pomerantz sued, demanding the home be sold off at auction and the $150,000 Johnson owed.
Then recently, the home hit the auction block at the local courthouse. The pad was sold to the highest bidder for the bid of $100. Shortly after the sale, the plaintiff filed a writ of possession in the case demanding the property be immediately handed over to the buyer.
Johnson bought the six-bedroom four-bathroom 3,410 sq. ft. home for one of his baby mamas. To make matters worse, he is currently facing foreclosure on his Florida mansion due to him defaulting on his mortgage.