Bailey playing under stress of missing children, ex-wife facing foreclosure, possible fraud charges

Hanady and Champ Bailey at a 2004 charity event.
(Blacktiecolorado.com photo)

How Champ Bailey has maintained his play as an All-Pro cornerback is amazing considering his former wife has lost their former home and he doesn't know the whereabouts of his two children.

Hanady Bailey received a $3.5 million six-bedroom, 11-bath, 11,000-plus-square-foot mansion in Cherry Hills Farm -- free and clear -- when she and Champ divorced three years ago, according to Penny Parker's Sunday column in The Denver Post. The house now is in foreclosure because Hanady took out a $1.45 million mortgage loan on the home in December of 2008. No payments have been made on the home, according to Arapahoe County documents.

Hanady Bailey also could face mortgage fraud charges for failing to make payments on her loan.

Hanady received joint custody of the Baileys' two children, a son in the third grade and a daughter who is a toddler. Champ Bailey's lawyer, Chuck Brega, said Hanady, a former model, has the children but no one seems to know where she is.

"What we're discussing right now is what we're going to do if we can find out where she is," Brega told The Post's Parker. "She pulled the (third-grader) out of school."

The home is valued between home $1.973 million to $2.724 million. The home will be auctioned Feb. 17 and the opening bid will be set at $1.45 million.

Bailey, 30, was acquired by the Broncos in a trade with the Washington Redskins for
running back Clinton Portis. The deal was announced March 4, 2004.

LAW OFFICIALLY A BRONCO: Ty Law officially joins the Broncos Saturday coming out of "semiretirement."

A five-time Pro Bowler, Law, 35, has played for New England, Kansas City and, most recently, the New York Jets. Law joined the Jets at midseason last year but has not played for an NFL team this season.

Law, who passed a physical and practiced for the first time with the Broncos on Saturday, expects to see some action Monday night against the Pittsburgh Steelers at Invesco Field at Mile High.

"They're trying to get me ready to play this week in a limited fashion," Law was quoted by The Associated Press. "I did it last year."

Law added: "I'm just going to kind of wing it and go out and do the best I can. But right now they're just shoving a lot down my throat because the terminology is totally different."

Law is expected to give the Broncos depth and even more experience to a secondary that already has four players -- Bailey, Andre' Goodman, Renaldo Hill and Brian Dawkins -- who are overt 30 years old.

Law will earn a base salary of $800,000 in base salary and will receive a $200,000 signing bonus, The Denver Post reported. Law also could earn $400,000 in incentives.

Second-year cornerback Jack Williams, a fourth-round draft pick in 2008, was released to make room for Law on the 53-man roster. Williams had shared the nickel cornerback with rookie Alphonso Smith.

Coach Josh McDaniels said adding Law (at 5-foot-11, 200 pounds, two inches taller and more than 15 pounds heavier than Williams) will bolster an already strong secondary.

"It's a thing where we felt he could come in and help us in more than one way, give us some depth at corner," McDaniels said of Law. "He's played a long time in this league; knows how to play inside, outside. He's in good shape and ready to go."

Look for coverage of Monday night's game against the Pittsburgh Steelers here.

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