VINCE YOUNG'S POSSESSIONS TO BE AUCTIONED OFF TO PAY BACK A $1.7 MILLION LOAN

VINCE YOUNG

Damn, this has got to hurt.  I want to feel bad for the guy, but I just don’t know how someone can be so reckless with their money.  Vince Young will have some of his possessions auctioned off in order to pay back a $1.7 million loan.  I hope those of you with money are learning from some of these athlete’s mistakes.
Vince Young, the former NFL quarterback who made tens of millions of dollars in his NFL career, is having many of his personal possessions seized to pay back a $1.7 million loan.

KHOU 11 News in Houston reports that Harris County constables visited Young’s home and took an inventory of his possessions, including furniture, jewelry and art. Young is allowed to keep $60,000 in personal property, but a judge has ordered the rest of his property to be sold at auction to pay back the loan.

Young took the loan out during the NFL lockout in 2011 and hasn’t paid it back. Young later claimed that he didn’t understand what he was doing when he took out the loan and a financial advisor duped him, but he lost when the company that lent him the money took him to court.

Young’s attorney went to court on Tuesday to attempt to get a temporary restraining order to prevent the inventory of Young’s possessions, but a judge denied that request.

As the third overall pick in the 2006 NFL draft, Young signed a contract with the Titans that guaranteed him $26 million.