Lane Kiffin owes USC for $500K home loan?

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Fired University of Southern California football coach Lane Kiffin not only lost his job on Sunday, but he may (unlikely) lose his house. USC loaned Kiffin $500,000 toward the purchase of a $5.5 million Los Angeles-area home when it hired the embattled coach away from Tennessee in 2010, the gossip news site TMZ reported.

If the loan hasn’t been forgiven and Kiffin doesn’t pay it back, the university could foreclose on his house, according to TMZ.

Source: TMZ