Friday, June 24, 2011
Now this becoming a reoccurring theme, it's apparent this man can't afford this property anymore. If he was smart he would have tried to sign on for a Reality deal or something to try to get some cash. But then again who would actually watch it?
For the second time in a year, Evander Holyfield’s palatial Fayette County estate is under foreclosure.
A notice published last week in the Fayette Daily News revealed the former heavyweight boxing champion is in danger of losing his 109-room Fairburn mansion. The lien holder is demanding full repayment of the original $10 million loan, with an auction scheduled for July 7 on the Fayette County Courthouse steps.
Holyfield was able to strike a deal to stay in his home, which sits on 235 acres just south of the Fulton County line last June. A year to the date almost he has the same problem the 46-year-old Holyfield also has a second Fayette property, at 592 and 596 West Bridge Road, under foreclosure, with an original loan amount of $216,000.
Holyfield has grossed more than $248 million in the ring, but two divorces, several failed business ventures and child support payments believed to total $500,000 annually have taken a toll on his financial well-being not to mention he is a father of 11. "The Biting Is On The Wall"
