Terrell Owens Facing Foreclosure
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.
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. more on this story
TMZ submitted this story.
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