February 8, 2012

Plaxico Burress house in Florida could be lost to foreclosure

Former New York Giants wide receiver Plaxico Burress could be headed back to the courtroom, according to the South Florida Business Journal.

Only this time it will be because of a foreclosure and not illegal weapons charges.

Burress — who is currently serving a two-year prison sentence for accidentally shooting himself in the thigh while reveling at the Latin Quarter nightclub in New York, N.Y. — is apparently behind on a $2.9 million mortgage for a 6,872-square-foot waterfront home that he owns in Lighthouse Point, Florida.

The report indicates that he purchased the home in 2005 for $4 million and then relocated to New Jersey two years later when the New York Giants signed him to a six-year, $25 million free agent contract.

In 2007, the former first round draft pick out of Michigan State University caught the game-winning touchdown in Super Bowl XLII.

But his celebration was cut short — just a few months later when he was charged with two counts of criminal possession of a weapon and one count of reckless endangerment. He agreed to a plea deal, which will ensure he is released in early 2011.

His wife, Tiffany, and their son continue to live at the New Jersey home, which is located in Totowa.

To check out Plaxico Burress’ foreclosure filing on Foreclosure.com click here.


Medical Bankruptcy

More than $500K in Debt, Bookstore Chooses Bankruptcy

An Atlanta-area bookstore surprised its fans last week when it filed for Chapter 7 bankruptcy protection to deal with its $508,673 in debts. At … [Read More...]

Sandwich Chain Quiznos Avoids Bankruptcy

News outlets have reported in recent weeks how the recession hit Denver-based sandwich chain Quiznos. In fact, until recently, many sources … [Read More...]