User86598_1_t Amy Le
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NFL bad boy Adam "Pacman" Jones ain't no Ed McMahon, but the two have a little more in common these days then they'd like to admit. The recently signed Dallas Cowboy cornerback joins the infamous list of celebs hit with foreclosure notices this year. I recently blogged about the housing woes of McMahon, Jose Canseco and Evander Holyfield.

Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published last Thursday in The Tennessean newspaper in Nashville.

Punting the home

Adam Adam "Pacman" Jones' Nashville home gets foreclosed


The home, which sits on 30 acres of land, is located at 4282 N. Chapel Road in a Nashville suburb. The property will be sold June 27 on the steps of the old Williamson County Courthouse to the highest bidder.

The estate features a main house that is close to 3,000 square feet with 3 bedrooms and 2 bathrooms, and two guest homes that are each 1,200 square feet. The house is also near Trinity Elementary School and features a two-acre lake stocked with fish, two barns and guest quarters with game rooms, and a view of tree-covered hills and farmland. Tax records show he purchased the property in July 2006 for $1.5 million. Jones put the home up for sale in May for $1.8 million in preparation for his move to Dallas.

Jones was traded to the Dallas Cowboys in April. He had reached a financial settlement with his former team, the Tennessee Titans, regarding his contract situation. ESPN's Chris Mortensen reported in April that "Jones will forgo the $1.25 million performance bonus that he earned in 2005. Instead of repaying the Titans a portion of his signing bonus, he agreed to make a $500,000 donation to a charity of the Titans' choice within the next two years."

Sources told ESPN reporter Ed Werder that Jones's new contract with the Cowboys will be for four years with no guaranteed money. By restructuring instead of transferring his existing deal, Jones gives up nearly $7 million in guaranteed base salaries over the next three years.

Pacman's penalties
Jones missed all of the 2007 season while serving an NFL suspension for a series of criminal shenanigans off the field. The cornerback has a lengthy criminal wrap sheet that includes a fight and shooting in a Las Vegas strip club in 2007 that left one man paralyzed and two others wounded.

Between assault charges, drug possession and avoiding his parole officer, it looks like Jones spends more time in court rooms and police stations then he does at home, so maybe he didn't have time to read all those late payment notices being mailed to his house. I mean, who would have the time to notice house payments with all those legal bills pilling up?

Got hot local housing tips or a story you want to share? Contact Amy Le at openingdoorsblog@homescape.com.

 
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8 Comments on NFL Player Adam 'Pacman' Jones Files for Foreclosure

I ran across this guy at a boat poker run a few years ago...I sincerely hope he is a different and better person now after his recent experiences than he was then.

06/25/2008 09:51 AM by Stuart Dobson (Denver, Colorado - Infinity Real Estate Services LLC)


Amy -

Hi from a neighbor, in the Lincoln Square Neighborhood in Chicago.  Hope all is well - enjoy your blogs!

It goes to show you - it's not what you earn - it's what you SPEND, and HOW you spend it!

Thinking of getting a PacMan haircut - how would I look?

DEAN & DEAN'S TEAM CHICAGO

 

06/25/2008 10:01 AM by Dean Moss - Dean's Team Chicago Real Estate Team (Dean's Team - Keller Williams Lincoln Square Chicago)


Hi Dean,

I think you could really pull off the Pacman hair do. It would really bring out your checkbones. Stuart, I think the only thing that's changed about Mr. Jones is his recent pay cut. He's had a bad attitude and track record since college. I have a feeling he's been catered to his entire life and thinks he can get away with anything.  

06/25/2008 10:16 AM by Amy Le


These "kids" that sign multi-million $ contracts are just that - kids.  The suddenly think they can do anything, buy anything, and that the money will just keep coming.  Sounds like Pacman should have stayed on an allowance. 

Guess we should wait to hear what Imus has to say about this......

06/28/2008 08:15 PM by Ken Land (Magellan Mortgage)


I would prefer NOT to hear what Imus has to say. I understand freedom of speech but........

06/28/2008 09:09 PM by Robert L. Brown~Grand Rapids Real Estate Flexit Realty, West Michigan (www.mrbrownsellsgr.com)


Not an Imus supporter by any stretch.....do want to make that VERY CLEAR.

Figure he is already in the headlines over Mr. Pacman - might as well ruin what is left of his career w/ another stupid comment.  Can't believe the producer did not pull him off the air the min he opened his mouth. 

06/28/2008 09:21 PM by Ken Land (Magellan Mortgage)


Maybe Imus and Pacman can coauthor a book together on 10 things you can do to ruin your professional career. I think it would be a best seller without a doubt.

Amy

06/30/2008 09:23 AM by Amy Le (Homescape)


It just goes to show you money does not buy intelligence or class

06/30/2008 12:47 PM by Ken Land (Magellan Mortgage)


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Real Estate Media: Amy Le (Homescape)
Amy Le
Chicago, IL
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