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Getbig Main Boards => Gossip & Opinions => Topic started by: Doug_Steele on March 03, 2011, 10:12:02 AM
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(http://ll-media.tmz.com/2011/03/03/0303-jamaracus-ex-getty-02.jpg)
JaMarcus Russell -- widely regarded as the greatest bust in NFL history -- is in danger of losing the $2.4 million mansion he purchased after signing with the Raiders back in 2007 ... TMZ has learned.
According to documents obtained by TMZ -- foreclosure proceedings have begun on the former #1 overall draft pick's house ... after he allegedly failed to pay $195,512.05 in mortgage payments.
Now, if the unemployed QB doesn't cough up the cash in the next 3 months, the bank will put the home on the auction block.
FYI -- Russell famously signed a RIDICULOUS contract worth around $60 mil in 2007 -- and then proceeded to only win 7 games in three pathetic seasons while gaining about 400 pounds.
25-year-old Russell was eventually released from the team -- and is currently out of professional football.
We called JM's rep for comment -- who told us he had yet to speak to JaMarcus about the situation.
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My favorite is when they say they let the bank take their houses back on purpose; epic bullshit.
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the purple drank made him miss the payments
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he should sell his jewelry, that will get the house caught up, then go play canadian or world league
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How can this be?? i mean Jamarcus has made some wise investments in his life ::) ::)
Bling bling niggus!! BLING BLING!!!! ICE ICE BABY!!! Who needs a mansion when you got BLING BLING NIGGGASSSSS
(http://www.totalprosports.com/blog/wp-content/uploads/2009/03/jamarcusbling.bmp)
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no way he spent all that money already, no way. that f##ker walked off with over 15M after taxes from that contract.
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When I get to the NFL, I'm going to invest all my money in Ferraris.
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A lot of people's house values are in the sink. Jamarcus's house is worth less than the payout which is why he isn't paying a dime. It'll hurt his credit record but with 60 million it doesn't really matter.
Its a good business move actually.
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A lot of people's house values are in the sink. Jamarcus's house is worth less than the payout which is why he isn't paying a dime. It'll hurt his credit record but with 60 million it doesn't really matter.
Its a good business move actually.
he doesnt have 60M you moron, made about 15M off the contract.
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A lot of people's house values are in the sink. Jamarcus's house is worth less than the payout which is why he isn't paying a dime. It'll hurt his credit record but with 60 million it doesn't really matter.
Its a good business move actually.
His contract was for something like $60mil with $32mil guaranteed. After taxes he probably kept about 1/2.
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they should have kept him in the fields
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they should have kept him in the fields
Too lazy.
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"A fool and his money are soon parted." (Thomas Tusser 1524-1580 )
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You get a job yet TA?
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"A fool and his money are soon parted." (Thomas Tusser 1524-1580 )
Dead by 56.
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"A fool and his money are soon parted." (Thomas Tusser 1524-1580 )
If this is true, how did the fool get his money to begin with, if he is what we call him, "a fool with money"?
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You get a job yet TA?
I have a bigger house with provenance and more land than you do, I can give you a job if you need one. I can also teach you how to WIN since you haven`t been able to in nearly 50 years so far.
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When I get to the NFL, I'm going to invest all my money in Ferraris.
Probably a smarter investment than a "mansion" in Oakland.
;D ;D
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If this is true, how did the fool get his money to begin with, if he is what we call him, "a fool with money"?
He got drafted by the raiders. They paid him an insane signing bonus (like they do for most of their 1st rd busts).
I can't think of any other team that would or was wiling to pay him that (let alone draft him) with the first pick.
He was lazy at lsu and he's lazy now despite all his gifted talents. Wasting GOD given talents that lands you prosperity in any form and you not recognize this makes you a fool therefore he will no longer prosper.
This same rule applies to me or anybody on this planet if you don't wakeup before it's too late. J Russ is DONE!
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A lot of people's house values are in the sink. Jamarcus's house is worth less than the payout which is why he isn't paying a dime. It'll hurt his credit record but with 60 million it doesn't really matter.
Its a good business move actually.
NFL is not guaranteed , he only keeps his signing bonus and the years he played he didnt finish of his contract... BUST
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I have a bigger house with provenance and more land than you do, I can give you a job if you need one. I can also teach you how to WIN since you haven`t been able to in nearly 50 years so far.
That's ok, I'm perfectly happy with my home on the beach overlooking Catalina Island, my other home on the golf course in Palm Springs overlooking the mountains. Thanks for teaching me to win. Earning money instead of inheriting it is much more satisfying. Thanks for playing and teaching me to win.
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this guy is American Ejumucated... no problem getting a job with any fortune 500 company
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NFL is not guaranteed , he only keeps his signing bonus and the years he played he didnt finish of his contract... BUST
I wish I could recall how they factor the remaining years of a contract against the salary cap of a team. Its just plain stupid. Heard it one time and it was like listening to a algebra story problem.
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Bigger bust than Ryan Leaf. Called it when his only claim to #1 was a good game against ND.
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he doesnt have 60M you moron, made about 15M off the contract.
Doesn't matter how much money he got as it is obviously NOT the point I was making you lawn jockey. .... ::)
The value of his house is less than the amount of money is owes on it which is why he prob isn't making any payments on the house so he's letting it go. A lot of people are doing it these days because of those circumstances. Until the housing market stabilizes, expect this to happen
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That's ok, I'm perfectly happy with my home on the beach overlooking Catalina Island, my other home on the golf course in Palm Springs overlooking the mountains. Thanks for teaching me to win. Earning money instead of inheriting it is much more satisfying. Thanks for playing and teaching me to win.
pwned.
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Doesn't matter how much money he got as it is obviously NOT the point I was making you lawn jockey. .... ::)
The value of his house is less than the amount of money is owes on it which is why he prob isn't making any payments on the house so he's letting it go. A lot of people are doing it these days because of those circumstances. Until the housing market stabilizes, expect this to happen
So its better to lose the millions he already put into it, then to simply pay the remaining $195,512.05 ???
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So its better to lose the millions he already put into it, then to simply pay the remaining $195,512.05 ???
That's just the amount of money he needs to pay to catch up.
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If this is true, how did the fool get his money to begin with, if he is what we call him, "a fool with money"?
we all know that jamarcus played the raiders for fools. now...does he buy some land in mississippi next to david banner and live off the interest or keep purchasing those Marquis Jet Cards and making stops at Jacob the Jeweler?
unfortunately he will probably be broke by 30.
ok...lets assume vince is right and he let the house go. i'm willing to bet his back up is a stash of luxury cars and jewelry. i'm not sure financial advice would work with some athletes given it's the baller culture and they have to spend to look big time.
(http://3.bp.blogspot.com/_kIhmwacoOwk/S-m3sfnjssI/AAAAAAAAANs/ZRTnyqOXR-s/s1600/jamarcus.jpg)
(http://www.blogcdn.com/backporch.fanhouse.com/media/2010/02/jamarcus-russell-bling-bracelet.jpg)
unfortunately he will probably be broke by 30 29.
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we all know that jamarcus played the raiders for fools. now...does he buy some land in mississippi next to david banner and live off the interest or keep purchasing those Marquis Jet Cards and making stops at Jacob the Jeweler?
unfortunately he will probably be broke by 30.
ok...lets assume vince is right and he let the house go. i'm willing to bet his back up is a stash of luxury cars and jewelry. i'm not sure financial advice would work with some athletes given it's the baller culture and they have to spend to look big time.
(http://3.bp.blogspot.com/_kIhmwacoOwk/S-m3sfnjssI/AAAAAAAAANs/ZRTnyqOXR-s/s1600/jamarcus.jpg)
(http://www.blogcdn.com/backporch.fanhouse.com/media/2010/02/jamarcus-russell-bling-bracelet.jpg)
unfortunately he will probably be broke by 30 29.
eff the baller culture...aren't Financial classes offered to these dudes...I mean they have a "thing" about the gold diggers, that come out to Pre-season practice (the chicas are out in force where the Ravens train)
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Doesn't matter how much money he got as it is obviously NOT the point I was making you lawn jockey. .... ::)
The value of his house is less than the amount of money is owes on it which is why he prob isn't making any payments on the house so he's letting it go. A lot of people are doing it these days because of those circumstances. Until the housing market stabilizes, expect this to happen
Don't you live in a paper bag or something ?
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this guy is American Ejumucated... no problem getting a job with any fortune 500 company
Is that a Cosby sweater?
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That's ok, I'm perfectly happy with my home on the beach overlooking Catalina Island,
http://en.wikipedia.org/wiki/Santa_Catalina_Island,_California
Holy fuck Coach! Overlooking Catalina Island?! That's amazing.
Though I'm not sure what's more amazing, the fact that your eyesight allows you to view 22 miles out into the ocean to overview Catalina Island or that you're able to live on shore by being essentially a personal trainer! :P
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So its better to lose the millions he already put into it, then to simply pay the remaining $195,512.05 ???
dont worry about him he uses black gay guy who lives in a trailer logic,
when things dont go your way, give up and run
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LOL...if you can't see an island 28miles long and about 8 miles wide from 26 miles offshore unless covered in fog....your name is Stevie Wonder. LOL!
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LOL...if you can't see an island 28miles long and about 8 miles wide from 26 miles offshore unless covered in fog....your name is Stevie Wonder. LOL!
what's your side hustle, coach?
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what's your side hustle, coach?
He was a rentboy for his landlord that sold him the house for far less than it was worth.
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http://en.wikipedia.org/wiki/Santa_Catalina_Island,_California
Holy fuck Coach! Overlooking Catalina Island?! That's amazing.
Though I'm not sure what's more amazing, the fact that your eyesight allows you to view 22 miles out into the ocean to overview Catalina Island or that you're able to live on shore by being essentially a personal trainer! :P
I can see Catalina Island from Santa Monica on a clear day you dipshit.
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no way he spent all that money already, no way. that f##ker walked off with over 15M after taxes from that contract.
YOu left out child support, new whips for his babby's momma, and new dubs for hiw crew.
Oh and a new house for his momma.
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In before McWay, BigDub and Binnie Blackie tell us all we're haters for denying Jamercus's shrewed investment strategies. ;D
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LOL...if you can't see an island 28miles long and about 8 miles wide from 26 miles offshore unless covered in fog....your name is Stevie Wonder. LOL!
I actually visited CI back in May 2009. The ferry ride took about 45 mins to get out there but it's a very unique island. THe Wrigley's ( founder of the chewing gum) have the biggest estate on the island.
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what's your side hustle, coach?
Were you not paying attention when Coach started a thread on how to build a PT biz? He openly fielded questions to help people grow their biz and attract clients.
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Coach, does the Pacific Coast highway stand between your house and the ocean?
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I can see Catalina Island from Santa Monica on a clear day you dipshit.
LOL...if you can't see an island 28miles long and about 8 miles wide from 26 miles offshore unless covered in fog....your name is Stevie Wonder. LOL!
Apparently both of you missed the fact that by being 22 miles away, you can't "overlook" the island. Seeing the island is one thing, but overlooking the island as if you're on Squadfathers balcony overlooking the the McDonald's play pen, is quite another.
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He probably spent it all on whores.
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Were you not paying attention when Coach started a thread on how to build a PT biz? He openly fielded questions to help people grow their biz and attract clients.
i was gone from the board for nearly a month.
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I posted it last year.
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A lot of people's house values are in the sink. Jamarcus's house is worth less than the payout which is why he isn't paying a dime. It'll hurt his credit record but with 60 million it doesn't really matter.
Its a good business move actually.
Actually, it's a terrible business move. Good luck finding a lender after defaulting like that. What it is, is a good short term personal finance move.
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In before McWay, BigDub and Binnie Blackie tell us all we're haters for denying Jamercus's shrewed investment strategies. ;D
Why in the world would I do that? OOOOOHHHHH!!! You're under the boneheaded premise that I'm supposed to automatically side with a dope like Jamarcus Russell.
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Actually, it's a terrible business move. Good luck finding a lender after defaulting like that. What it is, is a good short term personal finance move.
unfortunately he will probably be broke by 30 29 28.
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Oakland drafted a man based off of one season and a deep ball at LSU. Just won a national, tittle blah blah. They basically thought he was a white version of Roethisberger. Maybe the size of Big Ben but not the mental capacity. Dude is trash
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cant wait to see him on celebrity rehab
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Oakland drafted a man based off of one season and a deep ball at LSU. Just won a national, tittle blah blah. They basically thought he was a white version of Roethisberger. Maybe the size of Big Ben but not the mental capacity. Dude is trash
Jamarcus never won the national title at L$U, that was Matt Flynn and Ryan Perriloux. ;) Jamarcus just threw the deep ball against a shitty Norte Dame team.
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hahaha, "business decision...." ::) Wasn't this half-wit busted for drinking Sizzurp? Yeah, sounds like a guy who knows how to make business decisions.....
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Jamarcus never won the national title at L$U, that was Matt Flynn and Ryan Perriloux. ;) Jamarcus just threw the deep ball against a shitty Norte Dame team.
I'm from Louisiana ;D
http://en.wikipedia.org/wiki/2007_LSU_Tigers_football_team
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I'm from Louisiana ;D
http://en.wikipedia.org/wiki/2007_LSU_Tigers_football_team
I'm sorry. :-\ :-\
You have my deepest condolances. :'(
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No problem. 8)
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JaMoron gots ta start payin' his JaMortgage.....
;D