Former NFL star QB Mike Vick sees no bids for his home

March 13, 2009
Matt Isleib

 

Although I have written and blogged previously on LoanClassroom that the pro athletes and celebrities have not been immune to the financial meltdown and many have indeed fell a victim to foreclosure this one is a little different.

 

 

 

 

 

 

 

Michael Vick the former NFL QB for the Atlanta Falcons who is presently serving a two year jail sentence for aiding and funding a dog fighting ring had his home in Georgia auctioned on Tuesday. In a true fashion to the sign of the times no bids were made. The “high end” real estate market is nonexistent. The home had a required minimum bid of $3.2 million. So the fate of the 8 bedroom, 8 ½ bath home will return for a decision of what to do next by a Bankruptcy Judge. Vick had paid $3.7 million for the home in 2005 and at one point had it listed for $4.5 million