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 Culpepper loses home in foreclosure 
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Post Culpepper loses home in foreclosure
FORT LAUDERDALE, Fla. (AP)

Former NFL quarterback Daunte Culpepper has lost a Florida home he owned to a bank in a foreclosure case.





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Broward County court records show the nearly 10,000-square-foot home was surrendered in April to SunTrust Bank in lieu of foreclosure. The bank dropped its lawsuit against Culpepper earlier this month.

Culpepper bought the house for about $3.6 million when he was signed by the Miami Dolphins in 2006. The bank cited $3 million in debt in court papers. Records show Culpepper still owns another home in the suburb of Weston.

Besides the Dolphins, Culpepper played for the Minnesota Vikings, Oakland Raiders and Detroit Lions. He last played in 2010 for the Sacramento Mountain Lions of the United Football League.

The foreclosure was first reported by the South Florida Business Journal.



http://msn.foxsports.com/nfl/story/daun ... d=ansfox11


Thu Jul 18, 2013 7:11 pm
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Phinfever All Pro
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Post Re: Culpepper loses home in foreclosure
So was it foreclosed or not? It says it was surrendered in lieu of one.


Thu Jul 18, 2013 7:37 pm
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Post Re: Culpepper loses home in foreclosure
Manhattan wrote:
So was it foreclosed or not? It says it was surrendered in lieu of one.


The bank filed, however before it went to a court he surrendered the property. A lot of times people are in bad situations so they stay as long as they can. He has another home here, this one was probably worth 1.5 if he paid 3.6 in 2006, that was the peak of the property boom.

It really is just media buzz, he is not in financial trouble just yet. He is just another of the millions affected by the property and mortgage crisis.

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Fri Jul 19, 2013 7:43 am
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