Merrill Lynch

Burt Reynolds $1.2 Million Mortgage Debt — Facing Foreclosure

Posted on Aug 17, 2011 @ 01:30PM - 9 comments

By Radar Staff

He was once one of the most in demand stars in Hollywood, but Burt Reynolds has fallen on such hard times that his home is now being threatened with foreclosure, and RadarOnline.com has the documents to prove it.

The Boogie Nights legend has been slapped with a lawsuit claiming he owes $1.2 million on his Hobe Sound, Florida home and if he doesn't pay up he'll be turfed out of his estate.

DOCUMENTS: Burt Reynolds Facing Foreclosure

The suit, filed on behalf of Merrill Lynch Credit Corp. claims Reynolds hasn't made a payment on the property since September 2010.

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