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Burt Reynolds Faces Foreclosure…Can a Short Sale Stop The Process? | Kris and Kimberly Darney
burt reynolds

Nope, we didn't Photoshop this picture from the listing Image: JIC Realty

Sad news for Burt Reynolds: the legendary actor is facing a foreclosure action on his Florida home after failing to make mortgage payments for more than a year, according to the Telegraph.

Merrill Lynch, which owns the mortgage, filed suit against the actor in county court last week, seeking $1.2 million in back payments.

The estate, in exclusive Hobe Sound, has actually been on the market since 2009; it’s currently listed at $8.995 million (via the Real Estalker).

Reynolds, who appeared in classics like Boogie NightsSmokey and the Bandit, and Deliverance, famously divorced wife Loni Anderson in 1993, a year before taking out a mortgage on the Hobe Sound home. He has owned the property since 1980.

Interestingly, another piece of property once owned by Burt Reynolds made headlines this week. The actor is the former owner of the sleek Beverly Hills mansion fashion designer Vera Wang just picked up for $10 million.

Fascinating enough, even the rich and famous need the help of a Short Sale Specialist to stop foreclosure.

Read more: http://www.businessinsider.com/burt-reynolds-foreclosure-photos-2011-8#ixzz1VJYCEcHK

 

The estate sits on three acres

Located on the intracoastal

Tons of outdoor amenities

A spacious living room

We wonder if Reynolds decorated the place himself

The private gym

The pool has intracoastal views

 

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