Money Woes for T.O.

Money Woes for T.O.

Two of his lux condos are in foreclosure

by #teamEBONY, February 28, 2012

Money Woes for T.O.

The past couple of months have been a roller-coaster for former NFL star Terrell Owens. Coming off scoring three touchdowns Sunday night in his first Indoor Football League game with the Allen Wranglers, it was reported that two of his Dallas condos were in foreclosure. Owens' luxury homes will be auctioned off on March 6 according to RealtyTrack.

Owens' financial troubles are said to stem from bad investments, expensive mortgage payments on several properties, and steep child support payments. Studies have found that more than three-fourths of retired NFL players lose their fortune within two years, and sixty percent of NBA players become financially insolvent within five years of retirement.

Does Owens' financial loss merit our sympathy?

Read it at The Huffington Post.



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