Von Miller (58) of the Denver Broncos leads his team onto the field to take on the Green Bay Packers before the first half on Sunday, Sept. 22, 2019. (AAron Ontiveroz, The Denver Post)
He may play defense, but Von Miller is looking for a receiver.
The ex-Denver Broncos linebacker has requested one for the mansion he used to own near the team’s headquarters in Arapahoe County.
A receiver, in this case, is a court-appointed caretaker who manages a property when there is concern that the current owner could damage its value.
The request doesn’t come out of the blue. In August, Miller filed to foreclose on the new owner of his home at 17819 E. Easter Ave. in Foxfield. The buyer, Oluwole Jolaoso, financed his $3.7 million purchase of the property in 2022 with a $3 million loan from Miller himself.
It was intended to be a bridge loan, giving Jolaoso one year to secure financing from another source, according to loan documents.
Jolaoso declined to comment Tuesday. But in August, he acknowledged to a BusinessDen reporter that he hadn’t been making the required monthly payments to Miller. He said that was because Miller hadn’t delivered the property in the agreed-upon condition, with a key issue being a broken “smart home” system.
The foreclosure proceedings are ongoing. The home is scheduled to be auctioned off on Dec. 20, according to county records.
Miller filed the lawsuit seeking the appointment of a receiver on Monday. It notes that the loan agreement specifically said a receiver could be appointed without notice if Jolaoso defaulted on the loan.
The filing asks that Jolaoso be ordered to turn over any income related to the property to the receiver.
Miller said in the filing that he believes Jolaoso has previously rented the property for $40,000 a month, and is currently looking for a new tenant that will pay that amount. Jolaoso told BusinessDen in August that he bought the property intending to rent it to someone for $50,000 a month, but that person backed out because of issues with the home’s condition.
Miller is represented by attorney Britney Beall-Eder of Boulder law firm Frascona, Joiner, Goodman and Greenstein. She did not respond to a request for comment Tuesday.
Miller played for the Broncos from 2011 to 2021. He now plays for the Buffalo Bills, whom the Broncos narrowly beat Monday night.
Von Miller (58) of the Denver Broncos leads his team onto the field to take on the Green Bay Packers before the first half on Sunday, Sept. 22, 2019. (AAron Ontiveroz, The Denver Post)
He may play defense, but Von Miller is looking for a receiver.
The ex-Denver Broncos linebacker has requested one for the mansion he used to own near the team’s headquarters in Arapahoe County.
A receiver, in this case, is a court-appointed caretaker who manages a property when there is concern that the current owner could damage its value.
The request doesn’t come out of the blue. In August, Miller filed to foreclose on the new owner of his home at 17819 E. Easter Ave. in Foxfield. The buyer, Oluwole Jolaoso, financed his $3.7 million purchase of the property in 2022 with a $3 million loan from Miller himself.
It was intended to be a bridge loan, giving Jolaoso one year to secure financing from another source, according to loan documents.
Jolaoso declined to comment Tuesday. But in August, he acknowledged to a BusinessDen reporter that he hadn’t been making the required monthly payments to Miller. He said that was because Miller hadn’t delivered the property in the agreed-upon condition, with a key issue being a broken “smart home” system.
The foreclosure proceedings are ongoing. The home is scheduled to be auctioned off on Dec. 20, according to county records.
Miller filed the lawsuit seeking the appointment of a receiver on Monday. It notes that the loan agreement specifically said a receiver could be appointed without notice if Jolaoso defaulted on the loan.
The filing asks that Jolaoso be ordered to turn over any income related to the property to the receiver.
Miller said in the filing that he believes Jolaoso has previously rented the property for $40,000 a month, and is currently looking for a new tenant that will pay that amount. Jolaoso told BusinessDen in August that he bought the property intending to rent it to someone for $50,000 a month, but that person backed out because of issues with the home’s condition.
Miller is represented by attorney Britney Beall-Eder of Boulder law firm Frascona, Joiner, Goodman and Greenstein. She did not respond to a request for comment Tuesday.
Miller played for the Broncos from 2011 to 2021. He now plays for the Buffalo Bills, whom the Broncos narrowly beat Monday night.
