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 ...
Jerry Reed is dead too.
[A whopping $200.00 bill for the two of us.]
One of those menu’s with no prices?
Perhaps if he hadn’t spent so much on plastic surgery and hair pieces, he’d be in better shape financially.
Real name is Buddy Reynolds. Odd as most would think Burt was his given name. Love Burt-Buddy though.
Low blow... post #6
Maybe Nevin Shapiro can help out Burt....Bwa ha ha ha ha!!
At least that’s one thing Gators and Seminoles can unite on, enjoying some Schadenfreude at the hands of Miami.
Yep. He was at one time the #1 box office star. He could/should have paid cash for his house and owned it free and clear a long time ago. I looked at his bankruptcy statement in 1996, it listed assets/liabilities. Under assets his toupees were something like $5000 apiece. Actually it might have been under “liabilities”. I can’t remember. Either way it was a tidy sum. And they don’t look that great IMHO.
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