Chad “Ochocinco” Johnson's Million Dollar Home Foreclosed Over $8,000 HOA Fees – Financial Juneteenth
By Robert Stitt
Ever want to live in a multi-million dollar mansion? Ever wish you lived in a celebrity home? There is no better way to get into one than showing up at an auction. While many of the homes go for asking price or more, every now and then great discounts can be found. Granted, you’d still have to pay the taxes and association fees.
This time, the home on the auction block is the $1,365,000 Broward County, Florida home of former NFL player Chad “Ochocinco” Johnson. The mansion was custom built in 2005 and even has a shark tank in the living room. Johnson will be evicted next month from the home for failure to pay association fees. The home will fittingly be auctioned on tax day, April 15.
According to EurWeb, Johnson was behind in his association fees and owed over $3,500 when the Long Lake Ranches West Homeowners Association took him to court. The fees and fines have added up to over $8,000 since then. The association asked the court for permission to foreclose on the property and sell it to pay off Johnson’s debt. Selling a million dollar home to pay off a few thousand dollars in fees seem ridiculous. Johnson could have argued that, but he didn’t.
In December, the association pressed the court for action since Johnson was disregarding their notices and not making any attempt to pay down the fees. The court scheduled a hearing to allow Johnson the chance to contest the charges or counter the claims. Instead, he did not show up. This forced the judge to enter a default judgment in favor of the association. The result is ludicrous, but true: Johnson’s million dollar mansion will be auctioned off to pay for a few thousand dollars in association fees.
With enough money and a little bit of luck, that mansion could be your new home.
By Robert Stitt
Ever want to live in a multi-million dollar mansion? Ever wish you lived in a celebrity home? There is no better way to get into one than showing up at an auction. While many of the homes go for asking price or more, every now and then great discounts can be found. Granted, you’d still have to pay the taxes and association fees.
This time, the home on the auction block is the $1,365,000 Broward County, Florida home of former NFL player Chad “Ochocinco” Johnson. The mansion was custom built in 2005 and even has a shark tank in the living room. Johnson will be evicted next month from the home for failure to pay association fees. The home will fittingly be auctioned on tax day, April 15.
According to EurWeb, Johnson was behind in his association fees and owed over $3,500 when the Long Lake Ranches West Homeowners Association took him to court. The fees and fines have added up to over $8,000 since then. The association asked the court for permission to foreclose on the property and sell it to pay off Johnson’s debt. Selling a million dollar home to pay off a few thousand dollars in fees seem ridiculous. Johnson could have argued that, but he didn’t.
In December, the association pressed the court for action since Johnson was disregarding their notices and not making any attempt to pay down the fees. The court scheduled a hearing to allow Johnson the chance to contest the charges or counter the claims. Instead, he did not show up. This forced the judge to enter a default judgment in favor of the association. The result is ludicrous, but true: Johnson’s million dollar mansion will be auctioned off to pay for a few thousand dollars in association fees.
With enough money and a little bit of luck, that mansion could be your new home.
They probably lowkey mad this reporter is bringing that shyt up in his article so now more people will show up to the auction lol.
how you play pro football for that long and be broke???
