JaMarcus Russell -- Oakland Mansion in Foreclosure

evil · 2011-03-04T08:02:23-08:00

JaMarcus Russell -- widely regarded as the greatest bust in NFL history -- is in danger of losing the $2.4 million mansion he purchased after signing with the Raiders back in 2007 ... TMZ has learned. According to documents obtained by TMZ -- foreclosure proceedings have begun on the former #1 overall draft pick's house ... after he allegedly failed to pay $195,512.05 in mortgage payments. Now, if the unemployed QB doesn't cough up the cash in the next 3 months, the bank will put the home on the auction block. FYI -- Russell famously signed a RIDICULOUS contract worth around $60 mil in 2007 -- and then proceeded to only win 7 games in three pathetic seasons while gaining about 400 pounds. 25-year-old Russell was eventually released from the team -- and is currently out of professional football. We called JM's rep for comment -- who told us he had yet to speak to JaMarcus about the situation. http://www.tmz.com/2011/03/03/jamarcus-russell-oakland-raiders-foreclosure-home-mansion-nfl-qwuarterback/

Mar 4, 2011 at 8:03 AM

valrod33
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Posts: 138,115

He must of used all of his money on sizzurp instead of mortgage payments

Mar 4, 2011 at 8:09 AM

ads_2006
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since its in oakland, i'd let it get foreclosed

Mar 4, 2011 at 9:26 AM

9erfanAUS
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Posts: 16,281

He couldn't complete the payments on a $2.4M house?

-9fA

Mar 4, 2011 at 1:44 PM

LAFortyNinerfan
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Posts: 3,644

Who didn't see this coming?

Mar 4, 2011 at 1:50 PM

evil
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Posts: 46,721

Originally posted by 9erfanAUS:
He couldn't complete the payments on a $2.4M house?

-9fA

Quote:
Russell facing foreclosure on $2.4M mansion
Former Raiders draft bust JaMarcus Russell is facing foreclosure on his $2.4 million Bay Area mansion.
Russell owes nearly $200,000 in back mortgage payments. If he doesn't come up with the cash by June, his house will go up on the auction block. Russell earned roughly $32 million in his three years with the Raiders, but it's no surprise that he's now strapped considering his epically poor discipline and decision-making. This certainly certainly doesn't give the impression that Russell is on the right track for a comeback.

Mar 4, 2011 at 1:54 PM

4ML
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Posts: 53,672

Originally posted by ads_2006:
since its in oakland, i'd let it get foreclosed

Oakland has some really nice areas.

Mar 4, 2011 at 2:14 PM

TheSixthRing
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Posts: 82,030

Oakland Mansion? Isn't that a paradox?

Mar 4, 2011 at 4:34 PM

philosoraptor
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Originally posted by TheSixthRing:
Oakland Mansion? Isn't that a paradox?

maybe for east oakland but oakland has some very wealthy parts as well

Mar 4, 2011 at 4:36 PM

YungAce
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Posts: 46,920

Originally posted by philosoraptor:
Originally posted by TheSixthRing:
Oakland Mansion? Isn't that a paradox?

maybe for east oakland but oakland has some very wealthy parts as well

they have really nice homes on the hills. russell is so retarded it pisses me off

Mar 4, 2011 at 4:41 PM

#10