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Thread: Former IFBB Announcer Mike Adamle's House in Foreclosure

  1. #1
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    Default Former IFBB Announcer Mike Adamle's House in Foreclosure

    http://www.chicagorealestatedaily.co...#axzz1D6ufWCLI
    Sportscaster faces home foreclosure

    By: Andrew Schroedter February 03, 2011

    Sportscaster faces home foreclosure
    Crain's publishes new Dealmaker Directory
    Our most-viewed stories in the past week
    Crain's publishes new Dealmaker Directory
    Chicago area No. 2 in home repossessions last year
    (Crain’s) — Sportscaster Mike Adamle faces a foreclosure suit on his Evanston home.

    Mr. Adamle and his wife, Kim Adamle, failed to pay off a $1.1-million loan that matured in August on the brick, Georgian-style home in the north suburb, according to a complaint filed by PrivateBank & Trust Co.

    The foreclosure suit is just one of several challenges facing Mr. Adamle, a sportscaster at NBC-owned WMAQ-TV/Channel 5 who played football for Northwestern and the Chicago Bears.

    His wife filed for divorce in May in Cook County Circuit Court. That case is still pending.

    In December, the Internal Revenue Service filed a lien against the couple, alleging non-payment of $70,808 in income taxes due in 2008 and 2009.

    And last month Mr. Adamle was charged with driving under the influence in Evanston.

    Mr. Adamle, 61, blames the foreclosure filing and IRS lien on the divorce case but declines to be more specific.

    “It'll be taken care of once the divorce is complete,” he says.

    “It happens to people — bad times, bad timing.”

    He has pleaded not guilty in the DUI case.

    Kim Adamle said, "Our family is going through a great deal of trauma right now.”

    “I would ask for privacy and for prayers right now,” she said.

    The couple owes the bank about 30% more than the $920,000 than they paid in July 2005 for the home on Lincoln Street about a half-mile east of Ryan Field, where Mr. Adamle was a star running back for Northwestern. Built in 1924, the house has four-bedrooms, five full bathrooms and three fireplaces.

    PrivateBank issued a $1.1-million loan on the house in November 2008. The bank is seeking to collect just over $1.2 million in principal, past-due interest and other fees, according to the complaint, filed Dec. 20 in Cook County Circuit Court.

    Since July, the couple has tried to sell the three-story house, which is listed for just under $1.3 million.

    A lawyer for PrivateBank didn’t return a message requesting comment.

    Mr. Adamle was drafted in the fourth round by the Kansas City Chiefs in 1971. He played seven seasons in the NFL, including with the Bears from 1975 to 1977, when he retired.

    In addition to NBC, he has also worked for WLS-TV/Channel 7, ESPN and as a host of the American Gladiators television show.

    Evanston police arrested Mr. Adamle in the early hours of Jan. 10 after he allegedly failed a field sobriety test. He is scheduled to appear on that case Feb. 14 in Cook County Circuit Court in Skokie.



    Read more: http://www.chicagorealestatedaily.co...#ixzz1D6viE7mq
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  2. #2

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    Mike's a great guy. He'll bounce back from this current down-swing.

  3. #3
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    That's too bad, hope he is doing ok!

  4. #4
    Spotter TMP912's Avatar
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    Damn that sucks, I havent seen him on the NBC chicago broadcast latley, wonder if he got fired.
    Lift smart.

  5. #5
    Iron Addict bad bad leroy brown's Avatar
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    No, he's still there working as their main sports guy. I hope he gets out of this, he's a really nice guy
    twitter: @badbadleroyb, www.leroysmayhem.blogspot.com

  6. #6
    IFBB Hall of Fame Flex Wheeler's Avatar
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    Very sad to hear!!! God bless them....

    Quote Originally Posted by kaizenro View Post
    http://www.chicagorealestatedaily.co...#axzz1D6ufWCLI
    Sportscaster faces home foreclosure

    By: Andrew Schroedter February 03, 2011

    Sportscaster faces home foreclosure
    Crain's publishes new Dealmaker Directory
    Our most-viewed stories in the past week
    Crain's publishes new Dealmaker Directory
    Chicago area No. 2 in home repossessions last year
    (Crain’s) — Sportscaster Mike Adamle faces a foreclosure suit on his Evanston home.

    Mr. Adamle and his wife, Kim Adamle, failed to pay off a $1.1-million loan that matured in August on the brick, Georgian-style home in the north suburb, according to a complaint filed by PrivateBank & Trust Co.

    The foreclosure suit is just one of several challenges facing Mr. Adamle, a sportscaster at NBC-owned WMAQ-TV/Channel 5 who played football for Northwestern and the Chicago Bears.

    His wife filed for divorce in May in Cook County Circuit Court. That case is still pending.

    In December, the Internal Revenue Service filed a lien against the couple, alleging non-payment of $70,808 in income taxes due in 2008 and 2009.

    And last month Mr. Adamle was charged with driving under the influence in Evanston.

    Mr. Adamle, 61, blames the foreclosure filing and IRS lien on the divorce case but declines to be more specific.

    “It'll be taken care of once the divorce is complete,” he says.

    “It happens to people — bad times, bad timing.”

    He has pleaded not guilty in the DUI case.

    Kim Adamle said, "Our family is going through a great deal of trauma right now.”

    “I would ask for privacy and for prayers right now,” she said.

    The couple owes the bank about 30% more than the $920,000 than they paid in July 2005 for the home on Lincoln Street about a half-mile east of Ryan Field, where Mr. Adamle was a star running back for Northwestern. Built in 1924, the house has four-bedrooms, five full bathrooms and three fireplaces.

    PrivateBank issued a $1.1-million loan on the house in November 2008. The bank is seeking to collect just over $1.2 million in principal, past-due interest and other fees, according to the complaint, filed Dec. 20 in Cook County Circuit Court.

    Since July, the couple has tried to sell the three-story house, which is listed for just under $1.3 million.

    A lawyer for PrivateBank didn’t return a message requesting comment.

    Mr. Adamle was drafted in the fourth round by the Kansas City Chiefs in 1971. He played seven seasons in the NFL, including with the Bears from 1975 to 1977, when he retired.

    In addition to NBC, he has also worked for WLS-TV/Channel 7, ESPN and as a host of the American Gladiators television show.

    Evanston police arrested Mr. Adamle in the early hours of Jan. 10 after he allegedly failed a field sobriety test. He is scheduled to appear on that case Feb. 14 in Cook County Circuit Court in Skokie.



    Read more: http://www.chicagorealestatedaily.co...#ixzz1D6viE7mq
    Stay up-to-date on Chicago real estate with our free, daily e-newsletter

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