Burt Reynolds Facing Foreclosure
Add showbiz vet Burt Reynolds to the growing list of Americans facing home foreclosure.
According to The South Florida Sun-Sentinel, the Smokey and the Bandit star, 75, was hit with a lawsuit earlier this month that claims he’s in arrears to the tune of $1.2 million on his $8.9 million Hobe Sound, Florida home, The suit, filed in Florida’s Martin County Circuit Court on Aug. 9, claims the Golden Globe winner hasn’t made a payment on the 12,500 warefront estate, dubbed “Valhalla,” since last September — which is around the same time the ’70s sex symbol underwent extensive heart surgery. The year before, his agent said Reynolds had become dependent on drugs after a 2009 back surgery and had to check into rehab.
Now Merrill Lynch Credit Corp. is suing to get Burt out of the house, which comes complete with a swimming pool, private beach, boat dock, movie theater, and hair salon.
Reynolds has a storied history of financial woes; the actor filed for Chapter 11 bankruptcy in 1994, shortly after his divorce from actress Loni Anderson and a string of bad career and investment decisions. True to his reputation as the “King of Comebacks,” Burt’s currently filming the made-for-TV romantic comedy Reel Love with Shawn Roberts and LeAnn Rimes.
Written by Castina on August 17th, 2011 | Tagged as: Burt Reynolds