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Michael Vick's House Goes Unsold

3/10/2009 2:08 PM ET By JJ Cooper

    • JJ Cooper
    • JJ Cooper is an NFL Blogger for FanHouse
8 BR, 11 BA. Stunning views, indoor movie theater, indoor driving range, sauna, massive living room, four-car garage. Previous owner motivated to sell. Price reduced to $3.15 million.

A couple of years ago, when most people didn't know what a hedge fund or a credit default swap was, a listing like that might have been enough to induce someone to buy Michael Vick's house, but creditors have picked an awful time to try to unload the former Falcons star's house.

An auction to sell off the Atlanta home turned into a waste of time, as only two bidders showed up and neither of them had the $160,000 needed to prove they were a serious buyer and not just a publicity seeker.

A bankruptcy judge had ordered the house sold as part of Vick's bankruptcy. It's likely that it will be put back on the market to see if it can gather anything to help cut into some of Vick's $10-50 million in debts. But considering how hard it is for people to get loans on normal houses these days, there aren't a whole lot of potential buyers for a house that could house you, your kids, your parents, your siblings and their kids as well.

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