Reports: Marshall Faulk Loses Florida Condo to Foreclosure
Related content: Marshall Faulk's St. Louis condo sold for back taxes.
Last month PNC Bank sacked Faulk with a foreclosure notice, stating that he stopped paying the mortgage on his Broward County condominium in southeast Florida. Faulk purchased the 1,000-square-foot pad in 1999 for $139,000 and still owes $112,000 on the unit, according to reports. He reportedly owes the condominium association another $21,982 for failing to pay for condo fees. In 2010 the IRS filed a lien on the condo, saying that the former football star (now an NFL analyst) owed more than $105,000 in federal income taxes. Faulk has since settled that claim.
Edit note: This post originally reported that Faulk paid three years of back taxes last August to keep a condominium he owns in St. Louis. The taxes were paid, as we reported, but not by Faulk. A St. Louis investment firm purchased the condominium at tax auction and paid off the $27,000 in delinquent fees. More info on that here.