According to the South Florida Buisness Journal, former NFL player Jevon Kearse’s $5 million home went into foreclosure just three years after retiring.
Kearse bought the 6,064-square-foot home along the ocean at 2301 Bay Drive for $6.05 million in 2004. Two years later, he signed a $5.25 million mortgage on it.
That loan is now in foreclosure after Deutsche Bank filed a lawsuit on Dec. 19. Kearse’s attorney, Marc A. Marra in Weston, couldn’t be reached for comment.
In November, the IRS filed a tax lien against Kearse for $432,015 based on his 2010 income.
Kearse made plenty of money during his NFL career, but clearly didn’t make the best decisions for his future.