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Evander Holyfield's Atlanta, Georgia estate is under foreclosure. In addition, the former boxing champion has defaulted on a landscaping loan and is behind on child support as well.Atlanta Journal Constitution: Holyfield: 'I'm not broke' (June 6, 2008)
Fast Facts:
- 234 Acres
- 109 Rooms
- 54,000 square feet
- Holyfield defaulted on $10 million bank loan
- Estimated value of estate is $20 millionAtlanta Journal Constitution: Holyfield: 'I'm not broke' (June 6, 2008)
- Auction slated for July 1 has been avoided according to Holyfield's attorney
Financial Crisis
The foreclosure notice resulted from Holyfield's default on a $10 million bank loan. However, this is only part of his financial crisis.In addition to the bank loan, Holyfield is being taken to court by a Utah construction company for failure to pay back a landscaping loan of $550,000.
Holyfield also has taken out two additional mortgages on the estate, totaling $10 million. As if that wasn't enough, he is also being taken to court for back child support by one of his ex-wives.
Evander Holyfield Quotes
"I'm not broke. I'm just not liquid. I do feel kind of sad because things have always been positive and now everybody wants to jump on me like I'm the worst person in the world and I went out and blew all my money."Atlanta Journal Constitution: Holyfield: 'I'm not broke' (June 6, 2008)"Never -- I would never do something like that. That's been a consistency in my whole life. I have always taken care of my children. It's just one of the mothers who's saying something because she thinks it will embarrass me. I just have to roll with the punches in this situation."Atlanta Journal Constitution: Holyfield: 'I'm not broke' (June 6, 2008)
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Evander Holyfield Foreclosure Questions
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Is Evander Holyfield still alive if he was born in 1962? 1 AnswerI was born in 1967... and I'm still alive. Holyfield is only five years older than me. I HOPE he's still alive! Wikipedia thinks he is. read more -
What are the top 10 states with the highest foreclosure numbers or rates? 2 AnswersAccording to recent news, the highest forclosure rates are as follows: 10. OHIO, One in every 385 houses see forclosure 9. MARYLAND, One in every 384 houses se... read more -
Was your last home a foreclosure deal? 1 AnswerNo, but it was real steal, unfortunately due to a divorce. We purchased it in 1999 at the bottom of the market here. I'm embarrassed to say how much it is wor... read more
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How much a mortgage principle reduction should a bank offer to prevent foreclosure? 1 AnswerThere isn't a specific answer to this question, it depends on a few variables. The bank is going to assess how much is still owed on the mortgage, the current m... read more
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