As a Chicago Bears linebacker, Lance Briggs was used to tackling opponents for a loss.
Now, the Bears legend is set to take a loss on two of his Chicago-area homes.
Briggs’ Northfield mansion will be sold at a foreclosure auction in March after he failed to pay off a $1.72 million mortgage on the property, according to Crain’s. In 2008, Briggs paid $2.3 million for the 4,800-square-foot home at 180 Coach Road. He refinanced the home in 2009, and still owes the full $1.72 million on that loan.
This is the second of Briggs’ Chicago-area homes that are in foreclosure. A Northbrook townhome he bought for $371,500 in 2006 was foreclosed on last year by Deutsche Bank, which was owed $297,200 on the mortgage.
Briggs’ Northfield home has been on the market since 2016. In early December, the asking price was cut to $2 million, down from the previous ask of $2.5 million, according to Crain’s.
Briggs isn’t the only Chicago athlete having a harder time in real estate than he did in his sport.
Brian Urlacher, who played alongside Briggs for the Bears, is now asking for less for his north suburban estate than the $2.3 million he paid for it in 2004.
In October, Bulls great Scottie Pippen listed his Highland Park home for $2.25 million, or about $25,000 more than he paid for it in 2004.
Michael Jordan has arguably the most legendary languishing listing in Chicago: After listing his Highland Park mansion in 2012 for $29 million, the home is now asking $14 million. [Crain’s] — Joe WardRecommend0 recommendationsPublished in