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Terrell Owens

Another Day, Another Loss

... in Real Estate

12/22/2012 6:48 AM PST BY TMZ STAFF
EXCLUSIVE

1222_terrell_owens_launch
Desperate times call for desperate measures, especially for unemployed NFL star Terrell Owens -- who just unloaded his massive Georgia crib for waaaaaaaaaay under the asking price.

TMZ broke the story ... the wide receiver has been dropping real-estate left and right (thanks to his dwindling finances) and has already sold off condos in Dallas, Miami and Georgia.

The latest victim in his real-estate purge is a 7,694-square-foot pad outside of Atlanta, which he bought way back in 2000 (i.e. when he had a job with the San Francisco 49ers).

T.O. first listed the house in 2010 for $1.5 million, but didn't actually sell it until now ... when he was willing to let the place go for a measly $694,000 ... a.k.a LESS than half what he wanted.

It's a great deal (for the buyer) who gets 6 bedrooms, 8 baths, a home theater, basketball court, gym, rec room, decks, and a huuuuuge resort style swimming pool.

The lesson here: BUY HOMES IN GEORGIA!!!!!

For more sports stories, check out tmzsports.com!
31 COMMENTS

No Avatar
1.

Amy    

First !

649 days ago
2.

heather    

Sexy sexy sexy.

649 days ago
3.

Joao    

BUY HOMES IN GEORGIA!!!!! I think not. I'd live in India first and that ain't NEVER going to happen.

649 days ago
4.

Amy    

Wow, that's a LOT of house for under $700k!!

649 days ago
5.

Toilethead    

That's what he gets for spending like there's no tomorrow. What a moron.

649 days ago
6.

KicksandGiggles    

Well you did not count the $$$ needed to fumigate the ugly heebee jeebee karma from the place!

648 days ago
7.

Stiletto    

No, the lesson here is...people who have an IQ less than their height in inches...should not have money to buy stuff in the first place.

648 days ago
8.

Bwoy dem    

Zero sympathy.

648 days ago
9.

I am Spartacus    

For $700k that's a pretty sweet place to have. These guys all were getting $30,000 paychecks each week and the economy was doing well and they spent money on these ridiculous cribs so they could show them off on MTV. They never thought the that the money would eventually go dry and the market would take a hit.

648 days ago
10.

laffnbear    

If he were still a NFL"star," wouldn't he be employed? Seems he is more of an ex-NFL"star."

648 days ago
11.

Phishie from Philly    

A financial genius he is.
..
Phishie from Philly

648 days ago
12.

LISA    

No, the real lesson is real estate is no longer a safe investment. Also: If you are fortunate enough to find yourself suddenly rich, get a financial adviser.

648 days ago
13.

SNAFU    

Did cheap housing. That's why so many from Canada are buying up properties.

648 days ago
14.

john    

TO is a piece of sh*t. I can't wait for this animal to be homeless on the streets.

648 days ago
15.

Greg    

A fool and his money...
He made over $66 million in 10 years and is now broke. Bet he still has rims on his ride though.

648 days ago
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