Michael Vick’s Georgia Home Up For Auction (Photos)

Posted on February 17, 2009

Imprisoned NFL star Michael Vick’s Atlanta, Georgia home will be offered for sale to the highest bidder on March 10. Read more on Michael Vick’s home auction below.

Michael Vick is going through Chapter 11 bankruptcy and the judge issued an order scheduling the auction Tuesday. The home will begin with an opening bid of $3.2 million for the eight-bedroom home in a gated community in Duluth, Ga.

Michael Vick is currently in jail serving a 23 month sentence at the federal penitentiary in Kansas for his part in a dogfighting conspiracy. Vick’s lawyers have said he may be able to go to a halfway house in Newport News. Michael Vick’s scheduled release from federal custody is July 20.

Michael Vick has said he plants to resume his NFL career with the Atlanta Falcons after he is released. But NFL Commissioner Roger Goodell hasn’t yet said if he will drop Vick’s suspension. And the Atlanta Falcons said that they will try to trade their contractual rights to Vick to another team. So doesn’t look good for Vick!

Vick once was the league’s highest-paid player before his indictment and guilty plea.

Vick previously listed the Duluth home for $4.5 million, and the price later was reduced to $4.1 million. Michael Blumenthal, one of Vick’s attorneys, told U.S. Bankruptcy Judge Frank Santoro last month that the property had been shown to about 30 potential buyers and that a deal to sell the home for $3.15 million collapsed at the last minute.

Vick paid $3.7 million for the home in 2005, according to Gwinnett County property records, and court papers show he still owes about $2.8 million on the mortgage.

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