Skip to content

Plaxico’s Virginia Beach home will be auctioned to satisfy judgment

Plaxico Burress AP

Receiver Plaxico Burress found his way back into the NFL late last season, and he currently is on the Steelers’ offseason roster.  But he apparently lacks the liquidity to pay his debts.

Or maybe he just doesn’t want to.

Regardless, Mike Garafolo of USA Today reports that a judge has ordered the auction of Plaxico’s Virginia Beach home in order to satisfy a $159,000 judgment arising from an automobile accident that occurred in 2008.

The property has a value of $460,000, and Burress will get whatever is paid above and beyond the pending debt.

Burress also had his drivers license suspended on March 25.  Why do we have a feeling that won’t keep him from driving?

Permalink 27 Comments Feed for comments Latest Stories in: Home, Pittsburgh Steelers, Rumor Mill
27 Responses to “Plaxico’s Virginia Beach home will be auctioned to satisfy judgment”
  1. ravenator says: Apr 2, 2013 1:45 PM

    Oh he’ll fit right in with Pittsburgh. He’s broke, and the Steeler franchise is broke. Cheers!

  2. EJ says: Apr 2, 2013 1:48 PM

    You wouldn’t believe how many un-licensed drivers there are on the streets of this country. I bet it is near a million, one more makes no difference.

  3. andrewproughcfe says: Apr 2, 2013 1:49 PM

    With real estate, it’s hard to guess what the situation is. Could be that it’s better for him financially to allow the house to be auctioned to satisfy the judgment rather than trying to sell it at a loss in an upside down local market.

  4. catquick says: Apr 2, 2013 1:50 PM

    He does if he hurts someone

  5. logicailvoicesays says: Apr 2, 2013 1:53 PM

    What do you expect from a castoff from a low class junkyard team like the Giants? You never see anything but class from the Redskins. That’s why the Redskins are the best franchise in NFL history. They beat the rest of the NFL on and off the field. HTTR.

  6. otrd13 says: Apr 2, 2013 1:56 PM

    met him at a local bar/restaurant in north jersey last year before he got signed. didn’t even finish his class of wine and had a driver (or friend) that was driving him and wouldn’t take shots we offered him. i hope that is what his normal ‘going out’ evenings entail with his past situations.

  7. filthymcnasty1 says: Apr 2, 2013 1:59 PM

    Is his financial planner the same guy that taught him about weapon safety?

  8. cardiovascularendurance says: Apr 2, 2013 2:03 PM

    I’m not much of a Plaxico fan, but it sounds like he’s getting taken for a ride (um, no pun intended) here. $160k settlement for this woman sounds ridiculous.

  9. morganstan100 says: Apr 2, 2013 2:04 PM

    Maybe Big Ben will buy it. Sounds like a great place to watch the Ravens, Bengals, and Browns in the playoffs.

  10. johnelwayishorsefaced says: Apr 2, 2013 2:11 PM

    Attaboy Cheddar Plax!

  11. stevincinci says: Apr 2, 2013 2:15 PM

    morganstan100 says: Apr 2, 2013 2:04 PM

    Maybe Big Ben will buy it. Sounds like a great place to watch the Ravens, Bengals, and Browns in the playoffs.

    ——————————————————

    You mean the Bengals and Ravens. Browns are no where close.

  12. CKL says: Apr 2, 2013 2:20 PM

    Man, that report comment button is in a bad location, I didn’t mean to click it, sorry dude!

    I despise Plax and the fact he’s married to a lawyer makes it even more pathetic what a scofflaw he is.

  13. andrewproughcfe says: Apr 2, 2013 2:23 PM

    morganstan100 says: Apr 2, 2013 2:04 PM

    Maybe Big Ben will buy it. Sounds like a great place to watch the Ravens, Bengals, and Browns in the playoffs.

    ——————————————————

    Usually the best place to see a Ravens playoff game is on the visitor’s sideline at Heinz Stadium, or the visitor’s sideline in Foxboro. Not much playoff home-cooking for the Ratbirds.

  14. getyourownname says: Apr 2, 2013 2:33 PM

    andrewproughcfe says:
    Apr 2, 2013 1:49 PM
    With real estate, it’s hard to guess what the situation is. Could be that it’s better for him financially to allow the house to be auctioned to satisfy the judgment rather than trying to sell it at a loss in an upside down local market.

    ***************
    This makes absolutely zero sense. An auction price is never going to be better than the local market price, and virtually always worse because it is a forced sale.

  15. blindmansaidwhat says: Apr 2, 2013 2:35 PM

    “ravenator says:
    Apr 2, 2013 1:45 PM
    Oh he’ll fit right in with Pittsburgh. He’s broke, and the Steeler franchise is broke. Cheers!”

    Yuck it up dummy…because once that Flacco deal really kicks in the Ravens will be serving ramen noodles and government cheese in the team cafeteria.

    FYI, Steelers are almost $8 mill UNDER the cap…

  16. FinFan68 says: Apr 2, 2013 2:38 PM

    He’s been ignoring his debts for years. I remember reading several stories the last time he was a steeler

  17. fdugrad says: Apr 2, 2013 2:44 PM

    You knew it would end badly for this guy. He has been obnoxious, in trouble and a trouble maker since MSU days. The best decision his lawyer-wife can make is to approach a colleague and implore her/him to take her divorce case. Her spouse is a carrier of disharmony, and the stench of it adheres to him, and will do so permanently.

  18. andrewproughcfe says: Apr 2, 2013 2:53 PM

    getyourownname says:
    Apr 2, 2013 2:33 PM
    andrewproughcfe says:
    Apr 2, 2013 1:49 PM
    With real estate, it’s hard to guess what the situation is. Could be that it’s better for him financially to allow the house to be auctioned to satisfy the judgment rather than trying to sell it at a loss in an upside down local market.

    ***************
    This makes absolutely zero sense. An auction price is never going to be better than the local market price, and virtually always worse because it is a forced sale.

    —————————

    The court might require the bank to accept the remainder of the auction price in foreclosure, rather than demanding repayment of the larger mortgage amount that remains on the books. If the house is upside down, like so many still are in different parts of the country, then this could potentially be one of his best financial options with the property.

  19. pleazenufalready says: Apr 2, 2013 2:59 PM

    Why is everybody on Plax’s case? …things like laws, taxes, judgements are for the little people, right Plax? … Plax?

  20. getyourownname says: Apr 2, 2013 3:11 PM

    andrewproughcfe says:
    Apr 2, 2013 2:53 PM

    The court might require the bank to accept the remainder of the auction price in foreclosure, rather than demanding repayment of the larger mortgage amount that remains on the books. If the house is upside down, like so many still are in different parts of the country, then this could potentially be one of his best financial options with the property.
    **********************
    Don’t see how this is possible unless the lending bank (if any) has filed a foreclosure suit, which the report does not refer to – just a court-ordered action to satisfy a judgment. And it’s hard to see how he could be upside down, because if he were, then a court-ordered sale isn’t going to satisfy a non-bank judgment creditor who does not have priority over a prior secured lender (bank).

  21. mazblast says: Apr 2, 2013 3:14 PM

    As a Steelers fan, it’s embarrassing to have this tool on our team. He belongs on a team that values flash without class, like Dallas or Oakland. Then again, why should I wish that to be added to the 21st-century suffering of Dallas or Oakland fans?

  22. bgm9876 says: Apr 2, 2013 3:15 PM

    where will plaxaglass live now with his mom, or on the streets?

  23. jack3dsd says: Apr 2, 2013 3:26 PM

    if I was given just $1 million I would never have money problems again

  24. cfeeley52 says: Apr 2, 2013 3:40 PM

    andrewproughcfe says:
    Apr 2, 2013 2:23 PM
    morganstan100 says: Apr 2, 2013 2:04 PM

    Maybe Big Ben will buy it. Sounds like a great place to watch the Ravens, Bengals, and Browns in the playoffs.

    ——————————————————

    Usually the best place to see a Ravens playoff game is on the visitor’s sideline at Heinz Stadium, or the visitor’s sideline in Foxboro. Not much playoff home-cooking for the Ratbirds.
    ———————————
    or from the sidelines of mile high watching tebow run all over you?

  25. scoobies05 says: Apr 2, 2013 4:22 PM

    better to be on the road than on the couch

  26. morganstan100 says: Apr 2, 2013 5:25 PM

    andrewproughcfe says:
    Usually the best place to see a Ravens playoff game is on the visitor’s sideline at Heinz Stadium, or the visitor’s sideline in Foxboro. Not much playoff home-cooking for the Ratbirds.

    Another season like the last two and Heinz Field will be on the auction block.

  27. lovefootball4life says: Apr 2, 2013 7:49 PM

    This dude is a waste of talent.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!