Burt Reynolds faces foreclosure on Florida home
Updated: 2011-08-17 10:04
(Agencies)
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Actor Burt Reynolds (L) hugs Charles Durning after he accepted the Lifetime Achievement award at the 14th annual Screen Actors Guild Awards in Los Angeles January 27, 2008. [Photo/Agencies] |
Veteran actor Burt Reynolds is facing foreclosure on his longtime southeast Florida home, according to a lawsuit filed by a mortgage firm.
The 75-year-old is known for starring roles including in films "Deliverance" and "Smokey and the Bandit" from the 1970s. He also won a Golden Globe for his role as a porn king in the 1997 film "Boogie Nights".
The mortgage on the house in Hobe Sound that is facing foreclosure was taken out in 1994, a year after Reynolds' widely publicized divorce from actress Loni Anderson.
Reynolds, who had heart bypass surgery last year, stopped making the mortgage payments a year ago and owes Merrill Lynch Credit Corporation almost $1.2 million, according to the lawsuit filed August 9 in Martin County.
Merrill Lynch also named two other financial institutions that might have an interest in the property.
A local newspaper reported in 2009 that Reynolds placed the 12,500 square foot, waterfront house, which he called Valhalla, on the market for $8.9 million.
The lawsuit lists a Little Rock, Arkansas, address for Reynolds. Neither the actor nor his manager could be reached for comment.