If you see this face approaching you Foxes…

R U N.

JaMarcus Russell — widely regarded as the greatest bust in NFL history — is in danger of losing the $2.4 million mansion he purchased after signing with the Raiders back in 2007 … TMZ has learned.

According to documents obtained by TMZ — foreclosure proceedings have begun on the former #1 overall draft pick’s house … after he allegedly failed to pay $195,512.05 in mortgage payments.

Now, if the unemployed QB doesn’t cough up the cash in the next 3 months, the bank will put the home on the auction block.

FYI — Russell famously signed a RIDICULOUS contract worth around $60 mil in 2007 — and then proceeded to only win 7 games in three pathetic seasons while gaining about 400 pounds.

25-year-old Russell was eventually released from the team — and is currently out of professional football.

We called JM’s rep for comment — who told us he had yet to speak to JaMarcus about the situation.

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Shame.
I hate to see Wolves with potential go to waste.
How hard the fall of when you trip off your own high horse.
Sorry JaMarcus.
Looks like you landed your big ass in embarrassment and debt.

Later