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Burt Reynolds to lose his Florida mansion after falling 700,000 behind on his mortgage
dailymail.co.uk ^ | 8-16-11 | Tom Leonard

Posted on 08/16/2011 9:26:46 PM PDT by Justaham

Burt Reynolds, once one of Hollywood's highest-paid stars, faces eviction from his Florida home after failing to pay the mortgage. The 75-year-old actor is being taken to court after claims he has failed to make a payment on his waterfront mansion for almost a year. Lawyers for Merrill Lynch have asked a judge to sell the £1.4million house, set in 4.5 acres, so they can recover the £700,000 the bank says it is owed

In a sign of the scale of his financial hardship, property records show Reynolds has a second £455,000 mortgage on the property with another bank. He bought the house, which has a swimming pool, private beach, boat dock, cinema and even its own hair salon, with his wife Loni Anderson.

They married in 1988 and separated five years later after he fell for cocktail waitress Pam Seals. Two years ago the property in Hobe Sound, described by Reynolds as his 'paradise' was on the market for £5.4million.

The star, whose career spans more than 40 years with hits including Deliverance, Smokey and the Bandit and his 90s comeback movie, the critically acclaimed Boogie Nights, has faced a series of health setbacks in recent years.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Miscellaneous
KEYWORDS: burtreynolds; housing; merrilllynch; mortgage; reynolds
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1 posted on 08/16/2011 9:26:50 PM PDT by Justaham
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To: Justaham

Always feel sorry for anyone of his star quality to loose everything.


2 posted on 08/16/2011 9:31:56 PM PDT by doc1019 (You do not need a parachute to skydive. You only need a parachute to skydive twice.)
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To: Justaham

Bummer! I always liked Burt.


3 posted on 08/16/2011 9:32:25 PM PDT by Ernie Kaputnik ((It's a mad, mad, mad world.))
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To: Justaham

I feel sorry for Burt too. The guy was the #1 box office draw for years. I blame Bush.


4 posted on 08/16/2011 9:33:31 PM PDT by Artemis Webb (Perry 2012! A Conservative who can win!)
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To: doc1019

Maybe he didn’t understand the mortgage is payable in £ and not $?


5 posted on 08/16/2011 9:36:15 PM PDT by Dissident1
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To: Justaham

That’s what going to FSU will get you.


6 posted on 08/16/2011 9:37:56 PM PDT by dfwgator
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To: Justaham

I would have thought his Florida home was long since paid for. I believe he’s had it since his prime box office days. Hate to hear this news.


7 posted on 08/16/2011 9:39:46 PM PDT by Will88
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To: Justaham

He’s broke again? Geez, what a loser.

Back in the middle 1990’s I worked at a restaurant owned by Buddy Killen in Nashville.

He was such a great friend of Burt’s he practically went bankrupt (eventually did) giving him money to pull him out of another financial problem.

So it’s not clear Burt is a liberal since he thinks he never has to face the music.


8 posted on 08/16/2011 9:40:37 PM PDT by Fledermaus (I'm done with political parties. The GOP is useless. Anarchy is perferable to this CRAP!)
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To: Justaham
........after he fell for cocktail waitress Pam Seals.

Well there's your problem.

9 posted on 08/16/2011 9:42:04 PM PDT by The Cajun (Palin, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
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To: Justaham

Perhaps he should make another Smokey & the Bandit movie.

Instead of being chased in his Trans-Am across the South, by a sheriff, he could be chased in his wheelchair by an orderly across his nursing home.


10 posted on 08/16/2011 9:42:40 PM PDT by trumandogz
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To: Justaham
Burt needs cash? Time for another Bandit movie. Get Jerry Reed and Dom DeLuise. What Dom is dead? Oh well. Maybe another Gator movie.


11 posted on 08/16/2011 9:42:58 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Justaham

Puhlease people. The man should have had that paid 20 years ago. WTH.


12 posted on 08/16/2011 9:44:02 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

Guess they don’t teach finance at FSU.


13 posted on 08/16/2011 9:44:46 PM PDT by dfwgator
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To: dfwgator

Than goodness he didn’t go to UTK. Coulda’ been a twofer :^)


14 posted on 08/16/2011 9:47:41 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Dissident1

He lost a lot of money on Celebrity Jeopardy playing against Sean Connery.


15 posted on 08/16/2011 9:49:21 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: dfwgator
He killed a man (for real) in Arizona during his first big screen film. The man who loved cat dancing......
16 posted on 08/16/2011 9:49:55 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Justaham

Poor Bert, he married Ernie and Ernie took him for all he was worth.

17 posted on 08/16/2011 9:50:10 PM PDT by trumandogz
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To: Moonman62

That hat cost a fortune.


18 posted on 08/16/2011 9:50:55 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Lazlo in PA

Jerry Reed is dead too


19 posted on 08/16/2011 9:51:46 PM PDT by Lib-Lickers 2
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To: The Cajun
Yep, just another old man who's crotch got him in trouble.
20 posted on 08/16/2011 9:52:53 PM PDT by hinckley buzzard
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