Chad Ochocinco Continues To Rack Up Debt On Florida Mansion

June 18, 2014  |  

 

It looks like Chad Ochocinco is experiencing some financial trouble. According to The Jasmine Brand, the former NFL star has been hit with a lien by Long Lake Ranches West Homeowner’s Association in regard to his Florida mansion once shared with ex-wife and ‘Basketball Wives” star, Evelyn Lozada.

Apparently, between October 2012 and June 2014, the controversial athlete has racked up an outstanding balance of nearly $8,000. He was originally supposed to be paying $1, 333 per quarter.

In the lien, the association threatens that if Chad doesn’t pay up soon, the debt will continue to swell at an interest rate of 18% per year. It’s unclear why Chad ceased making payments to the association, but we can only hope that he gets it together soon. So far, he has not commented on the lien, but he recently scored a new gig with the Canadian football league, so maybe he can put some of that cash towards his debts.

 

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