Santana Moss evades foreclosure with short sale

Santana Moss, who was known for evading defenders on the way to the endzone at the University of Miami    , and who is now as a receiver with the Washington Redskins    , has dodged a foreclosure over his Lighthouse Point home.

Moss and his wife sold the house at 3201 N.E. 27 Ave. for $2.1 million to Richard G. Zahn and Michele W. Zahn on March 22. The apparent short sale resolves a foreclosure lawsuit that Duetsche Bank, representing a mortgage-backed securities (MBS) trust, filed in December agains Moss over a mortgage issued for $3.64 million in 2006.

Moss also got a federal tax lien released recently.

Moss bought the 9,304-square-foot home for $5.2 million in 2006, so he sold it for 60 percent less than the purchase price.

Still, Moss has a pretty good income stream. In 2011, he signed a three-year, $15 million contract with the Redskins that included a $5 million signing bonus. The Redskins are expected to draft a quarterback with their number two overall pick in April's NFL draft, so his receiving stats might improve.


(bizjournals.com)