Burt Reynolds Facing Foreclosure

Suit says star hasn't made mortgage payment since last year
By Rob Quinn,  Newser Staff
Posted Aug 17, 2011 4:42 AM CDT
Reynolds, seen here at the Screen Actors Guild awards, also has a home in Little Rock, Arkansas.   (Getty Images)

(Newser) – Burt Reynolds may be about to lose his South Florida mansion, "Valhalla." A foreclosure lawsuit claims that the Smokey & the Bandit star is $1.2 million in arrears on the home he bought with ex-wife Loni Anderson in the '90s, and hasn't made a payment since September of last year, the South Florida Sun-Sentinel reports. The 75-year-old actor put the home on the market for $8.9 million in 2009 but couldn't find a buyer, possibly because the home is worth only $2.4 million, according to the lawsuit.

My Take on This Story
Show results without voting  |