Burt Reynolds $1.2 Million Mortgage Debt — Facing Foreclosure
May 28 2018, Updated 10:11 a.m. ET
By Breaking Celebrity News Staff
He was once one of the most in demand stars in Hollywood, but Burt Reynolds has fallen on such hard times that his home is now being threatened with foreclosure, and Breaking Celebrity News has the documents to prove it.
The Boogie Nights legend has been slapped with a lawsuit claiming he owes $1.2 million on his Hobe Sound, Florida home and if he doesn't pay up he'll be turfed out of his estate.
DOCUMENTS: Burt Reynolds Facing Foreclosure
The suit, filed on behalf of Merrill Lynch Credit Corp. claims Reynolds hasn't made a payment on the property since September 2010.
It documents that the actor owes $1,193, 808.72 in principal on the mortgage and a further $24,036.23 in interest, taking the grand total to $1,217,894.95.
He also took out a second loan for $750,000 on the home, which is valued at $2.4 million.