Mike Vick Atlanta Home For Auction,New Scarface

The suspended Atlanta Falcons quarterback filed for Chapter 11 bankruptcy protection last July, claiming assets of $16 million and liabilities of $20.4 million. Santoro last month rejected Vick's disclosure statement, which major creditors had criticized as insufficiently detailed, and ordered the new one.

According to the revised statement, real estate agents have shown the Georgia house more than 30 times to potential buyers and have aggressively marketed the property in publications, direct mailings and on the Internet. The home originally was listed for $4.5 million but is now priced at $4.1 million.

Vick paid $3.7 million for the home in 2005, according to Gwinnett County property records, and the disclosure statement says he still owes about $2.8 million on the mortgage. Several creditors and the Internal Revenue Service also have filed liens against the property, which Vick proposes to sell "free and clear of all liens, claims and encumbrances."


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