Evander Holyfield House Is Pulled From Foreclosure Auction

Evander Holyfield has beaten the foreclosure auction gavel again. The 10 million dollar loan on his mansion in Fayette County, Georgia has been pulled from the planned auction on Tuesday.

I hope Evander can find his way out of the mess he is in now, but my guess is this story will occur again and again. He is like millions of other Americans, he has more house than he can afford. The only difference is the scale of the problem.

Holyfield’s 109-room Fairburn area mansion, which is spread across 104 acres, went into foreclosure for the second time within the past year. Collectors are seeking payment of the original $10 million loan for the home at 794 Evander Holyfield Highway.

A second Holyfield property at 592-596 Westridge Road, valued at $216,000, was also to be sold, according to a notice in the Fayette County News.

The famed athlete 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.

Attorney Philip Hasty declined to say why the Holyfield and Cox auctions were canceled.

Related posts:
  1. Evander Holyfield’s House Under Foreclosure… Again
  2. Grenade Found In Foreclosure House Near Athens, Georgia
  3. Macklowe Loses 1330 Avenue of the Americas to Foreclosure
  4. White House’s Foreclosure Plan Failing?
  5. Nicolas Cage Selling Real Estate Empire

There Are 6 Responses So Far. »

  1. Unbelievable (for many reasons).

  2. Is it still even worth $10 million? Might as well let it foreclose and use the cash he does have to buy a smaller luxury foreclosure?

  3. What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of individual loans strongly suggests that the single most important factor is whether the homeowner has negative equity in a house — that is, the balance of the mortgage is greater than the value of the house. This means that most government policies being discussed to remedy woes in the housing market are misdirected.

  4. I’m interested in doing an event there…who is the contact person?Please advise.

  5. You would have to be a serious retard to lose 248 million dollars, I have no sympathy at all.

  6. ha, “who is the contact person?” what kind of grandiose world is this?

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