According to an AP report, former Detroit Red Wings great Sergei Fedorov is facing foreclosure on two homes in the Detroit area.
The PrivateBank and Trust Co. says Fedorov owes more than US$2 million. The Oakland County Treasurer’s Office says he also owes more than $51,000 in property taxes.
The Detroit News reports Friday that Fedorov owes nearly $1.2 million on a 390-square-metre home that he bought in 1999 for $1.25 million.
However, there is the lawsuit that Fedorov filed against Joseph Zada last summer relating to $43 million in investments Fedorov had made.