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| Boxer Evander Holyfield's House Is Facing Foreclosure - |
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olympic
 Posted:
Thu Jun 05, 2008 11:35 pm |
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Boxer Evander Holyfield's House Is Facing Foreclosure
Anne Lu - Celebrity News Service News Writer
Atlanta, GA (CNS) - Former boxing champ Evander Holyfield is facing foreclosure on his $10 million Atlanta, Georgia home. According to a recent legal notice, his 235-acre estate is set to go under the hammer next month.
Holyfield, 45, who had earned a reported $200 million from his successful boxing career, would have his house auctioned off on July 1.
He is also behind on child support. The mother of one of his children filed a petition for contempt over the boxer's two missed child-support payments.
Also, a federal lawsuit in Utah was filed two weeks ago seeking loan repayment of $550,000 he made in 2006 to 2007 to cover for his house's landscaping bills.
The boxer's last fight was in October against Sultan Ibragimov, which he lost by unanimous decision.
http://www.allheadlinenews.com/articles/7011181531
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Joined: 18 Dec 2006
Posts: 2140
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| resigned
Posted:
Fri Jun 06, 2008 12:30 am |
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To quote myself from the McMahon thread.....
| resigned wrote: | What in the hell did he do with all his money?  |
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Click your heels together...
Joined: 14 Aug 2006
Posts: 28580
Location: "Onboard" pathenry's desk
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| CherokeeKid
Posted:
Fri Jun 06, 2008 2:00 am |
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Evander Holyfield's Mansion Under Foreclosure, Child Support Payments Late
AP | June 5, 2008 01:40 PM
Former heavyweight champion Evander Holyfield appears to be having financial problems.
A legal notice that appeared in a local newspaper shows his Fayette County estate is under foreclosure. The home worth an estimated $10 million is set to be auctioned by a bank on July 1.
The mother of one of Holyfield's nine children says he has missed two child-support payments. Toi Irvin, who lives in Clayton County, filed a petition for contempt in Fayette County Superior Court on behalf of her 10-year-old son.
Irvin says she was told by Holyfield's representatives not to expect the payment for May and June totaling $6,000.
The 45-year-old Holyfield has declined comment on the child-support allegations and the foreclosure.
Holyfield last fought on Oct. 13, 2007. He has been trying to secure another heavyweight championship.
http://www.huffingtonpost.com/2008/06/05/evander-holyfields-mansio_n_105472.html
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Joined: 11 May 2006
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| CherokeeKid
Posted:
Fri Jun 06, 2008 2:02 am |
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Former heavyweight champion boxer Evander Holyfield's home in Fairburn, Fayette County, Ga. is shown, Thursday, June 5, 2008. Holyfield appears to be having financial problems. A legal notice in a suburban Atlanta newspaper revealed that his Fayette County estate is under foreclosure. The home worth an estimated $10 million is set to be auctioned by a bank on July 1.
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Joined: 11 May 2006
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| olympic
Posted:
Fri Jun 06, 2008 7:36 pm |
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Not Going Bankrupt .........Yet
Boxing star Evander Holyfield is fighting back against several reports that he's having financial problems after news was leaked that his 109-room mansion (you read that right) was in foreclosure.
Reports were also stating that he's behind in child support.
Holyfield is denying the reports, though, saying that he's not broke and that he's always taken care of his kids.
He says, "I'm not broke. I'm just not liquid. I do feel kind of sad because things have always been positive and now everybody wants to jump on me like I'm the worst person in the world and I went out and blew all my money."
A newspaper on Wednesday published a foreclosure notice on the 235 acres Holyfield owns. He'll have to make a full repayment of a $10 million loan.
An attorney representing the lending company said yesterday morning that the estate is no longer up for auction, but declined to comment further.
As for Holyfield, he said "everything is alright with the house now."
Though it's been reported that he has also taken out two additional mortgages totaling over $5 million. Let's hope he can pay that back as well.
And, to make it worse, the mother of one of his eleven kids (yes, 11) has filed a petition for contempt claiming that Holyfield is behind on child support.
An attorney for the mother, who is probably getting way more in child support than the average US single mom, has said, "I would've liked to have seen him take care of his child support obligations before worrying about his house. If he hasn't made the proper arrangements by then, we'll ask that he be incarcerated."
If he loses his house and goes to jail, then you're really screwed on the child support for your client!
Holyfield is not keeping quiet about the child support claims.
He stated today, "Never. I would never do something like that. That's been a consistency in my whole life. I have always taken care of my children. It's just one of the mothers who's saying something because she thinks it will embarrass me. I just have to roll with the punches in this situation."
Ouch. Burn.
Oh, and Holyfield is also getting sued by a Utah consulting firm to which he still needs to repay a $550,000 loan. The lawsuit was filed two weeks ago and alleges Holyfield borrowed the money to pay for landscaping on his estate.
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Joined: 18 Dec 2006
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| chance
Posted:
Fri Jun 06, 2008 7:52 pm |
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So if I am reading these two articles correctly he has 9 children with one woman and 11 with another. Making that 20 in all. DAAAAMMMMM he needs to start spending some money on getting himself fixed or buy into TROJAN CONDOMS.
He needs a 109 room mansion just in case the kids ever decided to move in with dear old dad and bring their families. WOW.
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Joined: 24 Mar 2006
Posts: 2785
Location: Deep in the heart of Texas
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| olympic
Posted:
Fri Jun 06, 2008 8:03 pm |
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Joined: 18 Dec 2006
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