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 ...
Loni ruined poor Burt.
A redo of Canonball Run would be better for that.
Agree, It probably was Bush that place him in this precarious position.
Very,very underappreciated actor. Should have won an Oscar for DELIVERANCE.
I remember seeing Burt on some TV show over 20 years ago, wearing a purple suit, sitting at a bar, drunk, and crying about how Loni screwed him over. I laughed my ass off.
I don’t get it. He filed for bankruptcy some years ago. you’d think he would have learned from the experience and not lived beyond his means AGAIN.
He filed in 1996 - and Florida has an unlimited homestead exemption in bankruptcy. So if he had owned it free and clear he could have kept it through a Chapter 7. You’d think that a guy who was earning what he was earning for the 70’s and 80’s would have had better advice.
I read an article in Rolling Stone in 1997 - a journalist had accompanied him to LA where he was going to shoot Boogie Knights. The writer detailed how Burt had to rent a car and drive to a friend’s house where he was going to bunk for the duration of the film shoot, he was so tapped that he could’t afford a hotel. It seemed rather pathetic - but then he put is a fine performance.
I like the guy and have been hoping that there was some really choice swan song vehicle for him.
I’m sensing a “Lifetime Achievement” Oscar somewhere in Burt’s future.
a.k.a the “Nice Knowin’ Ya” Oscar.
LOL...sorry, but it serves Burt right for exposing me (and the unsuspecting world) to such hideous acting. Anyone who really believes this guy could act deserves to be duct-taped to a chair and forced to watch Gator over and over. Come to think of it...that will probabaly be more effective than waterboarding at Gitmo!
At 75 years old, he shouldn’t have a mortgage.
Yeah. You know. Elvis is dead, and I don’t feel so good myself was one of Lewis Grizzard’s books. Don’t be sick. You gotta laugh.
A redo of Canonball Run would be better for that.
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This is that movie ,, if it ever gets released...
http://www.youtube.com/watch?v=YzgBwoL53lE
I’m thinking he took out second and third mortgages to satisfy the discerning tastes of his cocktail waitress wife. That’s why I go to cocktail lounges for a quick date and IHOP for a wife.
Worst hairpiece and dyed eyebrows EVER!
In the first "Bandit" with Sally Fields, Burt's rug was awful and his gut was so fat that he wore a girdle and it was obvious.
He was playing a "young" swashbuckler that was a ladies man, but was a short, fat, bald guy, with a smile made of inserted teeth... true hollywood.
I’m still working on the Title.
Honky and the Bandit.
-PJ
HA!............Outstanding!
He did a guest spot on “Burn Notice” last season. He was awful and seemed almost comatose.
Lost ONE of his homes. What about his mountain paradise, desert paradise, etc?
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