Mortgage crisis victims: First Ed McMahon, now Evander Holyfield
Unfortunately this IS the real deal, Evander Holyfield — you’re losing your house. HousingWire is reporting that Evander Holyfield has become the second major celebrity to succumb to buckling home prices and financial difficulty this week. Earlier in the week it was the aged Ed McMahon of Publisher’s Clearinghouse and Tonight show fame. Now, it’s Evander Holyfield. I’m sure there’s going to be a whole circuit of jokes on the Internet featuring these two. But, honestly, I think the whole thing is pretty sad.
Maybe now we know why former heavyweight champion Evander Holyfield wants to keep fighting at age 45. The “Real Deal” appears real broke.
His $10 million estate in suburban Atlanta is under foreclosure, the mother of one of his children is suing for unpaid child support, and a Utah consulting company has gone to court claiming the boxer failed to pay back more than a half million dollars for landscaping.
A legal notice that ran Wednesday in a small local newspaper said Holyfield’s estate will be auctioned off “at public outcry to the highest bidder for cash” at the Fayette County courthouse on July 1. The 54,000-square-foot home — located on Evander Holyfield Highway — has 109 rooms, including 17 bathrooms, three kitchens and a bowling alley.
-Associated Press, 05 June 2008
Sounds a lot like Jose Canseco. At least he walked away.
Sources
Ex-champ Holyfield apparently in financial straits, AP, 05 Jun 2008
Holyfield caught up in foreclosure, and we don’t have much sympathy, HousingWire, 06 Jun 2008
Ed McMahon talks about possible home foreclosure, Baltimore Sun, 6 Jun 2008
Latrell Sprewell vs. Jose Canseco, U.S. News, 20 May 2008
About Edward Harrison
- Chart of the day: Mortgage to Growth Gap 22 May 2008