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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:

  1. 234 Acres
  2. 109 Rooms
  3. 54,000 square feet
  4. Holyfield defaulted on $10 million bank loan
  5. Estimated value of estate is $20 millionAtlanta Journal Constitution: Holyfield: 'I'm not broke' (June 6, 2008)
  6. 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)

• Related Mahalo Pages

  Evander Holyfield | Boxing | Mortgage Foreclosure

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