Former Redskins and Broncos running back Clinton Portis dodged foreclosure by selling his distressed Miami pad for $900,000 — enough to cover the loan and then some.
Portis’ condominium in Bristol Tower at 2127 Brickell Avenue, which he reportedly nabbed for $665,000 in 2004, recently sold to 2127 Brickell Property, a company managed by Paulo Diaz.
The property was slated for foreclosure by JPMorgan and Chase, according to a lawsuit against Portis and his mother concerning the original $512,000 mortgage, South Florida Business Journal reported.
All in all, the deal garnered a 35 percent gain for the former University of Miami and NFL star, who retired from the game at the age of 30 due to injuries, according to previous reports. Other celebrity residents of the tower include music producer Pharell Williams, who put his penthouse on the market for $16.8 million in 2012 and then chopped the price by 35 percent last summer, as previously reported. [South Florida Business Journal] — Angela Hunt