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NFL Player Adam 'Pacman' Jones Files for Foreclosure

written by Amy Le on Wednesday, June 25, 9:34AM

Amy Le
Amy Le
Adam “Pacman” Jones’ Nashville home gets foreclosed.
Adam “Pacman” Jones’ Nashville home gets foreclosed.

NFL bad boy Adam “Pacman” Jones ain’t no Ed McMahon, but the two have a little more in common these days then they’d like to admit. The recently signed Dallas Cowboy cornerback joins the infamous list of celebs hit with foreclosure notices this year. I recently blogged about the housing woes of McMahon, Jose Canseco and Evander Holyfield.

Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank, according to a notice of foreclosure sale published last Thursday in The Tennessean newspaper in Nashville.

Punting the home
The home, which sits on 30 acres of land, is located at 4282 N. Chapel Road in a Nashville suburb. The property will be sold June 27 on the steps of the old Williamson County Courthouse to the highest bidder.

The estate features a main house that is close to 3,000 square feet with 3 bedrooms and 2 bathrooms, and two guest homes that are each 1,200 square feet. The house is also near Trinity Elementary School and features a two-acre lake stocked with fish, two barns and guest quarters with game rooms, and a view of tree-covered hills and farmland. Tax records show he purchased the property in July 2006 for $1.5 million. Jones put the home up for sale in May for $1.8 million in preparation for his move to Dallas.

Jones was traded to the Dallas Cowboys in April. He had reached a financial settlement with his former team, the Tennessee Titans, regarding his contract situation. ESPN’s Chris Mortensen reported in April that “Jones will forgo the $1.25 million performance bonus that he earned in 2005. Instead of repaying the Titans a portion of his signing bonus, he agreed to make a $500,000 donation to a charity of the Titans’ choice within the next two years.”

Sources told ESPN reporter Ed Werder that Jones’s new contract with the Cowboys will be for four years with no guaranteed money. By restructuring instead of transferring his existing deal, Jones gives up nearly $7 million in guaranteed base salaries over the next three years.

Pacman’s penalties
Jones missed all of the 2007 season while serving an NFL suspension for a series of criminal shenanigans off the field. The cornerback has a lengthy criminal wrap sheet that includes a fight and shooting in a Las Vegas strip club in 2007 that left one man paralyzed and two others wounded.

Between assault charges, drug possession and avoiding his parole officer, it looks like Jones spends more time in court rooms and police stations then he does at home, so maybe he didn’t have time to read all those late payment notices being mailed to his house. I mean, who would have the time to notice house payments with all those legal bills pilling up?

Got hot local housing tips or a story you want to share? Contact Amy Le at openingdoorsblog@homescape.com.

Comments

Comment from Bob, a realtor:


Don't you mean his bank filed for foreclosure??? Individuals don't file for foreclosures, they just stop making payments.
Comment from Amy Le, Editorial Producer, a Consumer:


Thanks for the correction Bob. Good catch.

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