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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)
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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
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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.
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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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The Mahalo Top 7
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YouTube: Holyfield's Mega Mansion Facing Foreclosure! (Time: 1:52)
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Forbes.com: Holyfield: Not Broke, Just Not Liquid
forbes.com (June 08, 2008) -
MercuryNews.com: Poor Evander Indeed
mercurynews.com (June 07, 2008) -
Daily Dispatch Online: ‘Real Deal’ Holyfield is real badly broke
dispatch.co.za (June 07, 2008) -
AJC.com: Difficult times for Evander Holyfield
ajc.com (June 06, 2008) -
United Press International: Report: Holyfield says 'I'm not broke'
upi.com (June 06, 2008) -
TransWorldNews: Evander Holyfield Battles Foreclosure for Famed Estate
transworldnews.com (June 06, 2008)
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YouTube: Holyfield's Mega Mansion Facing Foreclosure! (Time: 1:52)
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Questions and Answers About Evander Holyfield Foreclosure | View All | Ask a Question
View All Evander Holyfield Foreclosure Questions (33) | Ask a QuestionIs Evander Holyfield still alive if he was born in 1962? (1 Answer)I 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 moreWas your last home a foreclosure deal? (1 Answer)No, 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 ... read moreHow much a mortgage principle reduction should a bank offer to prevent foreclosure? (1 Answer)There 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 ... read more
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