Chad Johnson: Facing Foreclosure On Miami Condo
More bad news for Chad “Ochocinco” Johnson.
The NFL star is apparently facing foreclosure on his Miami condominium, according to court papers uncovered by GossipExtra.com’s Jose Lambiet.
According to the documents, the 34-year-old former Miami Dolphin has failed to pay the monthly $863 maintenance fees on his $400,000 condo on the 16th floor of Two Midtown Miami since June 2009. Johnson owes $28,703 in back payments.
Additionally, the court documents also indicate that Johnson “is making ends meet” with a $150,000 mortgage he just received from two Palm Beach County investors, Michael Pomerantz and dermatologist Patrick McPoland.
His arrangement gives him until June 2015 to pay the principal back.
As collateral, Johnson used a $350,000 Miami Springs home he purchased for one of his children’s mother.
The former “Dancing with the Stars” finalist has not commented on this story.
Johnson was arrested Saturday for domestic violence after allegedly head-butting his wife, reality star Evelyn Lozada. According to the police report, the couple had an argument over a receipt for condoms that Lozada found in their car.
The Miami-bred athlete was dropped from the Miami Dolphins less than 24 hours after his arrest and also lost his endorsement deal with the coconut water brand Zico.