Bank Forcloses On Plaxico Burress' Florida Mansion

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Plax in sad estate of affairs as bank forecloses on mansion
By JULIE KAY in Lighthouse Point, Fla.

Plaxico Burress' illegal gunplay cost him his job and his freedom. Now it's costing him his castle.

The former Giant wide receiver was slapped with a foreclosure notice on his Florida estate on Jan. 26, according to Broward County court records. He owes more than $250,000 to creditors American Home Mortgage Investment and Deutsche Bank National Trust, records show.

Burress and his wife, Tiffany, bought the mansion in tony Lighthouse Point for $4 million in 2005, according to records. But its value went south during the housing crunch and is now at only $2.3 million.

In September 2008, Burress inked a five-year, $35 million deal with the Giants after catching the winning touchdown in the 2007 season Super Bowl. Two months later, he shot himself in the leg in a Manhattan nightclub while fumbling with an unregistered gun in his waistband.

The team dropped Burress in April, costing him the $27 million left on the contract.

He pleaded guilty last August to attempted criminal possession of a weapon and in September was sentenced to two years in prison. With good behavior, he could get out in June 2011.

In a jailhouse interview set to air today on CBS, Burress says he plans on returning to the gridiron. Even if his NFL comeback hopes are dashed, he is eligible to collect a $56,400 per year pension for the rest of his life.


LINK
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