Evander Holyfield (with 11 BASTARDS) faces foreclosure on house again
Tony Terron
Holyfield�s real deal: Home back on auction block
By PAUL NEWBERRY, AP Sports Writer
Jun 25, 3:49 pm EDT
FAYETTEVILLE, Ga. (AP)�Former heavyweight champion Evander Holyfield
is facing foreclosure again on his sprawling estate in suburban
Atlanta.
But Holyfield told The Associated Press on Thursday that a settlement
would be reached before the 54,000-square-foot home was auctioned.
�It will be worked out,� boxing�s first four-time heavyweight champion
said when reached on his cell phone. He declined further comment.
A year after the 235-acre estate was first put on the auction block, a
legal notice placed last week in the Fayette Daily News said Holyfield
was back in default on his $10 million loan. An auction was scheduled
for July 7 on the courthouse steps.
The home�located south of Atlanta on Evander Holyfield Highway�has 109
rooms, including 17 bathrooms, three kitchens and a bowling alley.
Holyfield faced foreclosure on the home in June 2008, but a financial
settlement was reached with Washington Mutual Bank before a scheduled
auction.
This time, he also faces foreclosure on a second Fayette County
property, having defaulted on a $216,000 loan to Commonwealth United
Mortgage Company.
Holyfield has earned more than $200 million in the ring�including a
reported $34 million for his second bout with Mike Tyson in 1997, the
infamous �Bite Fight� that ended with Tyson being disqualified for
gnawing off a chunk of Holyfield�s ear.
But the 46-year-old Holyfield hasn�t had a huge payday in more than
five years and has run into serious financial problems, facing
lawsuits over missed child support payments (he reportedly has 11
children) and claims that he failed to repay a more than
half-million-dollar loan that went for landscaping his home.
He last fought in December, receiving a reported $600,000 for his
challenge against WBA champion Nikolai Valuev in Switzerland.
Holyfield lost a disputed majority decision to the 7-foot Russian,
missing a chance to become the oldest heavyweight champion.
D. Flynn
> http://sports.yahoo.com/box/news;_ylt=AnIu7WngKMSbP9m3JgebqbmUxLYF?sl...
A $10,000,000 home w/a $500,000 landscaping bill?
Sell it and move into more modest quarters.
Child support payments for 11 kids?
Evander and Governor Sanford are two dopes who should have kept it in
their pants.
Bluuuue Rajah
slug=ap-holyfieldsfinances&prov=ap&type=lgns
Holyfield's real deal: Home back on auction block
By PAUL NEWBERRY, AP Sports Writer
Jun 25, 3:49 pm EDT
FAYETTEVILLE, Ga. (AP)-Former heavyweight champion Evander Holyfield
is facing foreclosure again on his sprawling estate in suburban
Atlanta.
But Holyfield told The Associated Press on Thursday that a settlement
would be reached before the 54,000-square-foot home was auctioned.
"It will be worked out," boxing's first four-time heavyweight champion
said when reached on his cell phone. He declined further comment.
A year after the 235-acre estate was first put on the auction block, a
legal notice placed last week in the Fayette Daily News said Holyfield
was back in default on his $10 million loan. An auction was scheduled
for July 7 on the courthouse steps.
The home-located south of Atlanta on Evander Holyfield Highway-has 109
rooms, including 17 bathrooms, three kitchens and a bowling alley.
Holyfield faced foreclosure on the home in June 2008, but a financial
settlement was reached with Washington Mutual Bank before a scheduled
auction.
This time, he also faces foreclosure on a second Fayette County
property, having defaulted on a $216,000 loan to Commonwealth United
Mortgage Company.
Holyfield has earned more than $200 million in the ring-including a
Turban Joe Balasootoe
> http://sports.yahoo.com/box/news;_ylt=AnIu7WngKMSbP9m3JgebqbmUxLYF?sl...
>
The Commander is facing many demanders.