Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo

Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo

After everything that happened to him last week, we didn't think things could possibly get any worse for Chad Johnson this week. We were wrong.

The former Dolphins wide receiver is starting off this week the same way he started off last week—with a huge problem! According to a new report, Johnson is facing foreclosure on his $400,000 Miami condo. It seems Johnson just missed an $863 maintenance fee and also currently owes more than $28,000 in back pay on the property.

In addition to that news, it was also just reported that Johnson took out a private $150,000 loan from a pair of investors recently that required him to put up a $350,000 home currently occupied by one of his baby mothers as collateral. He has until 2015 to pay back that loan, but…yeah. He's currently unemployed—and about to go through a divorce—so his ability to pay that back might be in serious doubt.

This kind of goes without saying, but it sucks to be Chad Johnson right now. We just hope everyone out there—including Johnson!—is learning a lesson from all of this.

RELATED: Money to Blow: A Recent History of NFL Players Going Broke

[via Hip Hop Wired]

Tags: chad-johnson, foreclosure, chad-ochocinco
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