Dante Culpepper Broke

[KillbertArenas]

Actually all of you 'net personal advisors seem to be wrong with Culpeppers business dealings.

It seems like you guys are unaware of a Voluntary Foreclosure.

Read the article and again it clearly states that he bank "forgave" him for the debt owed on the home. Basically he lived in the home and the bank accepted it back and cleared the debt that was owed.

Obviously the bank sees this home as an investment and will re-sell for more than what Culpepper owed.

Possibly this is one of many homes Culpepper has and he failed at selling it on the market and contacted his bank to weigh his options of the foreclosure.

I will admit the article is very misleading, which is not surprising

 

[DamonDashsRocAFellaChain]

Actually all of you 'net personal advisors seem to be wrong with Culpeppers business dealings.

It seems like you guys are unaware of a Voluntary Foreclosure.

Read the article and again it clearly states that he bank "forgave" him for the debt owed on the home. Basically he lived in the home and the bank accepted it back and cleared the debt that was owed.

Obviously the bank sees this home as an investment and will re-sell for more than what Culpepper owed.

Possibly this is one of many homes Culpepper has and he failed at selling it on the market and contacted his bank to weigh his options of the foreclosure.

I will admit the article is very misleading, which is not surprising

I dapped you for reading the article

 

[Ethnic Vagina Finder]

HOW do a nikka lose all that money

even if he played half that shyt, thats still 50 mill, take away taxes hes still taking home atleast 35 of that

nikka give me 10 mill and ill have 20 mill in 10 years

People learn to spend what they earn.

 

[GMOGMediaTV]

Another broke NFL player? I am totally shocked!

 

[p00rky]

cant wait till lebron is broke

 

[True Blue Moon]

That's my quarterback

 

[MostReal]

this is what happens when you spend your career trying to get Meritorious Manumission from cacs.
instead of helping your black people, these SAMBO athletes are quiet because they have been elevated into society & don't want to upset cacs...so they ignore their people and enrich cacs (agents, financial advisors bet they not broke).

If he would have got with his other athlete buddies and pooled their money together, started real business i.e banks, hospitals, that empowered/hired black people he would still have money today.

instead he remained a consumer in a capitalistic society & consumed all his money up. when will we wake up

 

[UserNameless]

playing devil's advocate, the current 30 yr mortgage rate is 4.37%. If you're investing the money that you save at a return of 12%, it makes sense to get a mortgage even when you can buy outright.

Fukk that...still buy outright. You're playing into the system doin' that. Too many experimental variables.

 

[The Bilingual Gringo]

I have no remorse for any of these players that I hear have went broke after seeing the same story so many times. I don't care what anyone says money wouldn't change me. Of course I would have the finer things in life. But that doesn't mean I would have to have a house on each coast along with dozens or maybe even hundreds of cars. I probably would have two nice houses and maybe 5 or 6 cars at a time. And my cribs wouldn't have to be a 15 or 20 million dollar mansion nether where I wont ever go in half the rooms. I definitely wouldn't pay someone to clean my home and do errands that I could do on my off days. Hearing stories like this and Eddy Curry's makes me think these athletes are just straight idiots and don't realize that after they retire they still have probably another 30 or 40 years to live if they are lucky. If you are a multimillionaire why would you have to take any kind of loan out like Curry did.

I think it's easy to armchair quarterback a lot of these scenarios. I make a small fraction of what any professional athlete does, but even I have someone clean my place, and it's a one bedroom condo. I'd rather be even taking a nap or relaxing somewhere than clean my place, and in a lot of scenarios, my time is worth more than my money.

I doubt he's broke though, like they stated above, this was a strategic move on his part and on the bank's, so it's a win/win for both sides.

 

[Reggie]

I think it's easy to armchair quarterback a lot of these scenarios. I make a small fraction of what any professional athlete does, but even I have someone clean my place, and it's a one bedroom condo. I'd rather be even taking a nap or relaxing somewhere than clean my place, and in a lot of scenarios, my time is worth more than my money.

I doubt he's broke though, like they stated above, this was a strategic move on his part and on the bank's, so it's a win/win for both sides.

It's one thing to have someone clean your home. But it's quite another to have someone clean cook wash your cars and tend to your children. Most of these be different people getting outrageous sums of money. Sports players have plenty of time off to get these things done. You having a one bedroom condo and not cleaning is just lazy. With you not having a lot of space you shouldn't even have that much to clean anyway. That's a whole big difference than having a 20 or 30 bedroom mansion.

 

[Danie84]

He should ask Baby for a loan, since he used to be all up in those Cash Money videos

 

[concise]

gotdamn, all that money

If he played now that contract would have been $45 mil guaranteed

How much did he actually make off that $100 million dollar contract? He played with that contract for what, 4 years?

HOW do a nikka lose all that money

even if he played half that shyt, thats still 50 mill, take away taxes hes still taking home atleast 35 of that

nikka give me 10 mill and ill have 20 mill in 10 years

its highly unlikely he made more then 20 mil from that contract

nfl contracts have never been guaranteed, likely never will be

Actually all of you 'net personal advisors seem to be wrong with Culpeppers business dealings.

It seems like you guys are unaware of a Voluntary Foreclosure.

Read the article and again it clearly states that he bank "forgave" him for the debt owed on the home. Basically he lived in the home and the bank accepted it back and cleared the debt that was owed.

Obviously the bank sees this home as an investment and will re-sell for more than what Culpepper owed.

Possibly this is one of many homes Culpepper has and he failed at selling it on the market and contacted his bank to weigh his options of the foreclosure.

I will admit the article is very misleading, which is not surprising

not surprising at all.

 

[beenz]

with a 1 million dollars alone in the bank the interest u get back a year is at least $50,000 a year. athletes

This is not true. The going interest rate on just stacking ur money in the bank is under 1%. So that means less than 10k annually on saving $1M.

 

[PriceisRight]

wow... the engineering company i worked for had a charge number/code for that guy.

I mean I lived in Florida - and I know sports specially anything UF/Seminoles is the beeknees - but damn.

0000-CJVMK-CULPEPPER

 

[superunknown23]

Misleading thread title.