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    • cyberdude558

      Participant
      Post count: 179

      The downward spiral of Josh Freeman’s football career was always linked to alleged off-the-field issues. But there was never proof Freeman had personal troubles.No pictures. No official accusations. No nothing. Just a talented quarterback out of the NFL following standout seasons in 2010 and 2012, and after the Bucs, Vikings and Giants all gave up on him within a seventh-month period from October 2013 through May 2014.Now, however, there is hard evidence that Freeman’s world isn’t silky smooth.On Oct. 22, Bank of America filed a complaint in Hillsborough County circuit court to forclose on Freeman’s five-bedroom, 5,800 square-foot home on exclusive Bayshore Boulevard in South Tampa.Freeman purchased the home in January 2010 for $1,008,000, per property records.The mortgage referenced in the complaint was for $705,600. The complaint claims the loan is “currently due for the March 1, 2014 payment and all subsequent payments thereafter.”

      http://www.joebucsfan.com/?p=124733#more-124733

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    • Anonymous

      Inactive
      Post count: 11045

      I find it hard to believe that he doesn’t have that dough… maybe he just doesn’t want anything to do the place.He got paid from us and he got like 3 million last year alone from the Vikings just to throw a crap ton of bad passes in one game.

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    • Anonymous

      Inactive
      Post count: 3316

      You hear things…and he wasn’t good with his money when he was making it. 

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    • Anonymous

      Inactive
      Post count: 303

      Agreed. Probably just made a business decision to walk away from the property. I thought I read on here he’s been seen in KC. He likely does not have many ties left to Tampa.

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    • Anonymous

      Inactive
      Post count: 2188

      Guy who partied his way out of football is making poor decisions with his money. SHOCKER

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    • Anonymous

      Inactive
      Post count: 5438

      Quick. Someone call BOA and let them know that he is only 26.

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    • Anonymous

      Inactive
      Post count: 5572

      Quick. Someone call BOA and let them know that he is only 26.

      +1

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    • Anonymous

      Inactive
      Post count: 11506

      Fat Free paid his mortgage…just sayin…

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    • Anonymous

      Inactive
      Post count: 1637

      Can’t wait till Mariota or Jameis erases Freeman from the record books.

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    • Anonymous

      Inactive
      Post count: 11045

      I’m sure he still has a good amount of cash. Molly ain’t that expensive.

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    • Anonymous

      Inactive
      Post count: 8983

      I'm sure he still has a good amount of cash. Molly ain't that expensive.

      When you're used to it, it can be.Same with prescription painkillers. One or two seldomly can be cheap, but several in various sittings adds up.I've seen guys pop those things as if they were skittles.

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    • dzejms

      Participant
      Post count: 981

      Agreed. Probably just made a business decision to walk away from the property.

      In my opinion, that should be illegal.  If you have the money to pay your mortgage, you should not be allowed to just walk away from it.  If they end up selling that property for less than he owes, he should be liable for the difference.

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    • Anonymous

      Inactive
      Post count: 881

      Agreed. Probably just made a business decision to walk away from the property.

      In my opinion, that should be illegal.  If you have the money to pay your mortgage, you should not be allowed to just walk away from it.  If they end up selling that property for less than he owes, he should be liable for the difference.

      The bank can. If they auction it and it goes for less than the mortgage payoff, they can pursue the difference. Do they? Sometimes. If the borrower is broke it becomes kind of pointless since he'll just declare bankruptcy and becomes a very long process that usually yields nothing. If he's socking a bunch of money or assets, then it is much easier to collect on that.If Freeman didnt want it anymore, he should have sold it. Because you'll never get at auction what you would get if you sell it on the market, plus the bank throws on all sorts of fees. So no matter how you look at it, it's a poor financial move to just walk away unless you've exhausted all over alternatives (like short sales).

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    • Anonymous

      Inactive
      Post count: 795

      Can't wait till Mariota or Jameis erases Freeman from the record books.

      I wouldn’t get my hopes up if Coach Smith is still the HC and has the final say on player acquistions.

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    • Anonymous

      Inactive
      Post count: 2603

      So the story is BoA is going to sell his house which Freeman put down $1 million and it’s worth $1.77 million. They are owed $705,000 so Freeman will get paid about $1 million. Even if it only sells for $1.3 million Freeman makes cash.

      Agreed. Probably just made a business decision to walk away from the property.

      In my opinion, that should be illegal.  If you have the money to pay your mortgage, you should not be allowed to just walk away from it.  If they end up selling that property for less than he owes, he should be liable for the difference.

      It would be virtually impossible for that to happen unless the bank sells the house for less then $705,000 when it's worth $1.77 million. Freeman makes cash on this deal.

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    • Anonymous

      Inactive
      Post count: 1637

      Freeman does not make cash on this. When the house is foreclosed on it becomes Bank of America’s property. They will keep any profit. If it really is worth $1.1mil than the guy is a complete moron and walked away from a property he could have just sold. Even after the 9% that would go to Listing agent/buyers agent/buyer closing costs he would still be making around $300K. That buys a lot of beer and pills. Also possible the house is in terrible condition and isn't worth that.

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    • Anonymous

      Inactive
      Post count: 2603

      The sad part is Freeman is a bigger story then Glennon. LOL

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    • Anonymous

      Inactive
      Post count: 396

      Still shocked there hasn’t been a telling article on the free fall of Free from PR or another media outlet.  How’s that possible? 

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    • GARCIAFAN

      Participant
      Post count: 1002

      I'm sure he still has a good amount of cash. Molly ain't that expensive.

      Living at the club every night with your posse of parasites is.

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    • Anonymous

      Inactive
      Post count: 9891

      Agreed. Probably just made a business decision to walk away from the property.

      In my opinion, that should be illegal.  If you have the money to pay your mortgage, you should not be allowed to just walk away from it.  If they end up selling that property for less than he owes, he should be liable for the difference.

      its called a deficiency judgment

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    • Anonymous

      Inactive
      Post count: 6677

      im not all that familiar with Tampa real estate but a 5,800 sf home on Bayshore would be worth more than the low $1 mil I would think.

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    • Anonymous

      Inactive
      Post count: 9891

      Freeman does not make cash on this. When the house is foreclosed on it becomes Bank of America's property. They will keep any profit.

      you're skipping a step, right? When BOA forecloses the house goes to auction. IF BOA prevails at auction (for the note value) and then sells it for market value, the profit is BOAs. If someone else buys it though (likely), the difference over the note goes to Freeman. Problem for Freeman is that an auction buyer is not paying $1.7million, so he will get far less than he would have (or might) if he simply renegotiated the mortgage, which is probably what is happening now.

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    • Anonymous

      Inactive
      Post count: 2188

      im not all that familiar with Tampa real estate but a 5,800 sf home on Bayshore would be worth more than the low $1 mil I would think.

      Um yeah it should be. I need to look up that address. Take it off of Free's hands.Found it:http://www.hcpafl.org/CamaDisplay.aspx?OutputMode=Display&SearchType=RealEstate&ParcelID=18301540Z000004000210A

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    • richhussey

      Participant
      Post count: 499

      im not all that familiar with Tampa real estate but a 5,800 sf home on Bayshore would be worth more than the low $1 mil I would think.

      It's estimated value is $1.7 million. Didn't you read the article?

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    • Anonymous

      Inactive
      Post count: 2188

      It’s on Bayshore but way south of Gandy. That’s why it’s only 1.7M.

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    • Anonymous

      Inactive
      Post count: 11045

      I bet Schiano mentally ran him out of that house after that club seats incident.

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    • Anonymous

      Inactive
      Post count: 738

      Lovie should bring him in for a tryout…

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    • Anonymous

      Inactive
      Post count: 9891

      I bet Schiano mentally ran him out of that house after that club seats incident.

      lol

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    • Anonymous

      Inactive
      Post count: 11506

      Schiano rigged his mortgage payment.

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    • Anonymous

      Inactive
      Post count: 396

      He’s probably out babysitting or something  :D

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    • Anonymous

      Inactive
      Post count: 11045

      I bet Schiano mentally ran him out of that house after that club seats incident.

      lol

      He probably hasn't spent one night in that house since Schiano dish ragged him out of that club suite like Uncle Phil used to do Jazz on The Fresh Prince.

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    • mdclarie

      Participant
      Post count: 867

      This just sounds dumb as I would imagine he could easily sell a Bayshore house for > 700k. Why not just sell it? can’t be bothered? Zillow has the estimate of its value as 2M. BoA is going to make big bucks off this, Freeman is a moron.

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    • Anonymous

      Inactive
      Post count: 11045

      This just sounds dumb as I would imagine he could easily sell a Bayshore house for > 700k. Why not just sell it? can't be bothered?

      Party season buddy... probably just recovered from tomorrow world in Georgia and now he's drinking in the mornings in Kansas City to prime the pump for EDC in Orlando this weekend. That dude is living.

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    • Anonymous

      Inactive
      Post count: 11506

      No one wants to buy that house. That weirdo has snakes loose in the walls.

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    • mdclarie

      Participant
      Post count: 867

      No one wants to buy that house. That weirdo has snakes loose in the walls.

      I'd buy it in a heartbeat for 700k.

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    • Anonymous

      Inactive
      Post count: 413

      Freeman does not make cash on this. When the house is foreclosed on it becomes Bank of America's property. They will keep any profit.

      you're skipping a step, right? When BOA forecloses the house goes to auction. IF BOA prevails at auction (for the note value) and then sells it for market value, the profit is BOAs. If someone else buys it though (likely), the difference over the note goes to Freeman. Problem for Freeman is that an auction buyer is not paying $1.7million, so he will get far less than he would have (or might) if he simply renegotiated the mortgage, which is probably what is happening now.

      BOA cannot profit from the foreclosure sale.  They get their money, and any excess proceeds either will go to subordinate lien holders or to Freeman.  All in all, I don't understand why he would allow the property to be  foreclosed on as opposed to simply listing the property for sale and selling it himself.  I have to assume the real estate market in Tampa is better today than when he bought it.  To me the only reason why you do it this way is because he doesn't have the cash to make his monthly mortgage payments while the property is listed for sale.  But I am just speculating there.

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    • Anonymous

      Inactive
      Post count: 11506

      I hope you dont have kids Shastada. A python would come out of the wall and eat your baby.

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    • Anonymous

      Inactive
      Post count: 11045

      I hope you dont have kids Shastada. A python would come out of the wall and eat your baby.

      Or they might find some leftover "candy".You might walk in to your kids room, and they'll have some strobe lights going, eyes wide open, dancing up a storm while just finding out that they have a belly button.

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    • Anonymous

      Inactive
      Post count: 6677

      Or every now and then a drunk gay guy might knock on your door at 3 am.

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    • Anonymous

      Inactive
      Post count: 2445

      im not all that familiar with Tampa real estate but a 5,800 sf home on Bayshore would be worth more than the low $1 mil I would think.

      it is. I was thinking to myself "man josh got a nice deal". A lot of this is pretty dumb. How could he not afford that and why was his loan so much? Why couldnt he just sell?  I know for certain that if i was an NFL player who is receiving a big contract, I would pick a nice place and pay almost all of it off at once. I would rent until I saved up enough. I hate debt. No way would I put only 20% down on a house if I had millions.

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    • Anonymous

      Inactive
      Post count: 2603

      No way would I put only 20% down on a house if I had millions.

      Unless you have more money then you can spend a mortgage is always the best option. You pay 3.5-4% on a mortgage and can get 7-10% in a mutual fund. It's a no brainer where to put extra money if you have more then 10% to put down on a property. The days where paying off your mortgage made sense are long gone.

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    • Anonymous

      Inactive
      Post count: 160

      The topic of this post is none of my business. It is tragic for anyone to lose a home.

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    • Anonymous

      Inactive
      Post count: 353

      Fat Free paid his mortgage...just sayin...

      Fat Free needed a kitchen as a base of operations.Skinny Free can get by with the top of a toilet bowl at any 24 hour diner he passes.https://www.youtube.com/watch?v=4oW6ThlRpBA

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    • Anonymous

      Inactive
      Post count: 11506

      Or every now and then a drunk gay guy might knock on your door at 3 am.

      LOL

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    • GARCIAFAN

      Participant
      Post count: 1002

      Schiano rigged his mortgage payment.

      Boid believes it.

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    • Anonymous

      Inactive
      Post count: 5438

      #freelove

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    • Anonymous

      Inactive
      Post count: 11506

      lmao !

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    • Anonymous

      Inactive
      Post count: 6677

      Just went on trulia and found a Bayshore house with similar square footage listed at $2.6 mil.  This house could be a steal.

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