JaMarcus Russell's mansion is in FORECLOSURE

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 7 years ago '05        #1
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Nasty Nate 21 heat pts21
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JaMarcus Russell's mansion is in FORECLOSURE
 

 

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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.


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 JaMarcus Russell -- Oakland Mansion in Foreclosure | TMZ.com

70 comments for "JaMarcus Russell's mansion is in FORECLOSURE"

 7 years ago '06        #2
ThaShark316 86 heat pts86
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 7 years ago '07        #3
KING*TITO 46 heat pts46
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He's somewhere like "Thats my Wednesday house" while chilling in his Tuesday house looking like this---->

He'll say the same thing tomorrow in his "Friday House"..
 03-03-2011, 11:50 AM         #4
tmitch19 
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 nastyNate718 said:

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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.

















Last edited by tmitch19; 03-03-2011 at 11:52 AM..
 7 years ago '08        #5
Dee Grande 1269 heat pts1269
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 7 years ago '05        #6
Hold That 104 heat pts104
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he probably said f**k it, i'll just get a smaller home now that I'm out the league.. can't blame him.

If he's not "bankrupt" and still a millionaire, he really doesn't need to worry about a "credit rating"
 7 years ago '05        #7
katalist 231 heat pts231
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This is all part of his big plan.... make em look like he losing his money.... little do they know he got syrup dealing business going on that is on fire. He will be living in Brasil in 2 years in a HUGE mansion with about 20-30 Brasil hoes :dancingcool:
 7 years ago '10        #8
JudasHatesJesus 147 heat pts147
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noooooooooooooooooo

charlie save him!!!


 7 years ago '08        #9
Dunknown24 34 heat pts34
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 Dee Grande said:

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 7 years ago '08        #10
MrFourteen5 
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 7 years ago '07        #11
DaKid730 10 heat pts10
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slander at its finest everone knows Jamarcus is paid
 03-03-2011, 12:17 PM         #12
kjyo20 
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 7 years ago '08        #13
VerbalAssassin 105 heat pts105
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No post is valid in this thread without a





504Legend, what's JaMarcus saying about this?
 7 years ago '10        #14
Dextromethorphan 217 heat pts217
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 7 years ago '05        #15
TheInevitable24 12 heat pts12
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 7 years ago '04        #16
Motion 817 heat pts817
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he had to buy a mansion because he couldnt fit in a regular size house

he's about to be homeless
 7 years ago '04        #17
CentsCuZ 19 heat pts19
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2007 was pretty much the height of inflated housing prices. I wouldn't be shocked if this is a strategic default to get out of a s**tty deal. Not sure, but Cali might be one of those states where they can't come after your other a.ssets after foreclosing on you home.
 7 years ago '05        #18
Sheeed 1 heat pts
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Jamarcus broke?! ...nah
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 7 years ago '04        #19
DonofDons21 
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thats why you pay cash




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 7 years ago '06        #20
hooligun 12 heat pts12
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After failing to reach a contract agreement with the Raiders, Russell held out through training camp and into the first week of the 2007 NFL season, until September 12, when he signed a six-year contract worth up to $68 million, with $31.5 million guaranteed
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