No light at the end of the tunnel for T.O. as #AMPtv has learned, the former NFL superstar allegedly owes over a clean million bucks on an upscale Miami beach condo and now, the bank are foreclosing on it.
It's one of the last homes Terrell still owns after being forced to sell off several others -- most recently in Dallas -- but Deutsche National Bank sued him in April, claiming he still owes $1.47 million on the property ... and hasn't made a payment in 6 months. According to mortgage docs attached to the lawsuit, Terrell originally took out a loan worth $1.55 million in 2006 ... and had faithfully been making monthly payments of $5,126 ... that is, until last November.(TMZ)
Terrell has responded to the lawsuit, claiming the bank "lacks standing" to foreclose on the property -- and he refuses to admit there's an outstanding balance problem.
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