Clinton Portis evades foreclosure on Miami condo

Similar to how he skirted linebackers in the NFL, former Pro Bowl running back Clinton Portis evaded foreclosure on his Miami condo by selling it for enough to repay his loan.

JPMorgan Chase Bank filed a foreclosure lawsuit in December against Portis and his mother over the 2,070-square-foot unit in Bristol Tower at 2127 Brickell Ave. It concerned a mortgage granted for $512,000 in 2004.

Portis recently sold the unit for $900,000 to 2127 Brickell Property, which is managed by Paulo Javier Taborga Diaz.

Not only did that fully repay the loan, the sale was a 35 percent premium over the $665,000 that Portis paid for the condo in 2004, as the former University of Miami star benefitted big time from the real estate rebound.

Portis played for the Denver Broncos and Washington Redskins and last saw game action in 2010.


(bizjournals.com)