Dante Culpepper Broke

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Thank you. F the tax deduction and just buy the house straight cash. First of all, the money would be the house and not in your pocket, so you can't just spend it all crazy. And two, you don't have a bank over your head holding you to a lien. Just pay the property taxes and it's yours. If you go broke, then sell that bytch.

And why was Evander Holyfield still hanging on to that 109 room mansion that's on Evander Holyfield Highway? That fool owed $14M on it and sold it for $7.5M! So why not buy outright? Why you got a damn payday loan on your house?

Evander Holyfield's Foreclosed, 109-Room Palace - Whale Flops - Curbed Atlanta
 
MVike28

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ghost305 said:
Yes he eventually proved that he couldn't recover from the knee injury but That infamous boat party is what got him out of Minnesota.


Culpepper before the knee injury was :wow:
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Brad Childress :pacspit:
 
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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.
 
ilovejesus

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MikeBrownsJob said:
Former NFL quarterback Daunte Culpepper has lost his Broward County, Fla., home to a bank in a foreclosure settlement, according to multiple reports.
The 10,000 square-foot house in the Landmark Ranch Estates development was taken by SunTrust Bank in April. In return, the bank forgave Culpepper $3 million in debt, according to the South Florida Business Journal, which was the first to report the news.

The bank dropped its lawsuit against Culpepper earlier this month, the Journal reported. Culpepper had purchased the $3.67 million home in 2006 with a $2.93 million mortgage, the paper notes.
Culpepper, 36, who was raised in Marion County in north-central Florida, signed a $102 million, 10-year deal that included a $16 million signing bonus with the Vikings in 2003, and had a franchise-record 39 touchdowns in 2004.
He struggled with an injury the following season -- torn ligaments in his knee -- and was traded to the Dolphins in 2006. He was offered a $1 million salary in the first year for the Dolphins (with a $7 million signing bonus), and then $51.5 million through 2013.
But Culpepper was released by the Dolphins in the summer of 2007 after undergoing rehabilitation for his second knee surgery. Culpepper started for the Oakland Raiders for one year after leaving the Dolphins, followed by two years as occasional starter for the Detroit Lions. He played for the United Football League’s Sacramento Mountain Lions in 2010.

Daunte Culpepper loses Fla. home to foreclosure

mysmilie_4168.gif
What makes the negro athlete so anti-money.
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Why would he get a mortgage when he could have just paid cash with his bonus money?:mindblown:
 
pete clemenza

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ilovejesus said:
Why would he get a mortgage when he could have just paid cash with his bonus money?:mindblown:
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I'm thinking some of these rich cats out here in the world still get mortgages. Say you can get something like a $600,000 crib or lower.. make a nice down payment, pay like $2-5 gees a month(the rate stays the same and doesn't increase). Still stack your millions from your contract, and say you want to sell it one day- you can even though you were still paying a mortgage on the house. I think it could work either way, buying it outright or getting a mortgage if done right:manny:

I think some of these athletes get a $2-7 million dollar home, the price is inflated cause they went through their agent who has a real estate guy(so that means kick backs all the way around), maybe they put no money down on the home, and maybe the mortage is adjustable.. it starts off at $7,000 gees a month, 6 months later it goes up to $9,000 gees a month and so forth. Injuries happen, they get cut from a team, other bad investments on the side, family members with their hands out, etc... then they're fukked.

Its just all about how you go about it.. maybe I'm wrong
 
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NV-ME said:
all downhill since the 41-0 nfc championship game. you let Kerry Collins emasculate you like that, you deserve to be broke
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He had his best season as a pro like 2 years after that fiasco :beli:

Would have won league MVP if it wasn't for Peyton's amazing year...
 
Sam Peel

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he owed 3 mil on a house that was worth 3.67, he never paid anything on it but the down payment, why would he pay it now?
 
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