Daunte Culpepper, former Miami Dolphins quarterback recently had his Broward County home taken away by the bank. Sun Trust Bank filed a foreclosure lawsuit in February against Culpepper, his wife and DRKRC Land Trust over the 9,867-square-foot home he owned in Landmark Ranch Estates. In April 2013, the home was surrendered to SunTrust in a deed in lieu of foreclosure. It cited $3 million in debt released in exchange for the property.
Culpepper purchased the home at the height of his career in 2006, when he was traded from the Vikings who had signed a 10-year deal with him in 2003 for a whopping $102 million, which included a signing bonus of $16 million. The Dolphins reworked his contract after the trade with a $7 million signing bonus and a $1 million salary in the first year, and then $51.5 million through 2013. Culpepper struggled with injuries and was released after only one season of playing for the Dolphins.
Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami foreclosure defense attorney Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the website, www.miamibankruptcy.com.