Terrell Owens -- Foreclosure Fight in Miami

No light at the end of the tunnel for Terrell Owens -- TMZ has learned, the former NFL star allegedly owes over a million bucks on a fancy Miami beach condo ... and now, the bank wants to foreclose on it.

It's one of the last homes Terrell still owns after being forced to sell off several others -- most recently in Dallas -- but Deutsche National Bank sued him in April, claiming he still owes $1.47 million on the property ... and hasn't made a payment in 6 months.

According to mortgage docs attached to the lawsuit, Terrell originally took out a loan worth $1.55 million in 2006 ... and had faithfully been making monthly payments of $5,126 ... that is, until last November.