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.
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
Comment by Brandon Green on 6 July 2009:
Unbelievable (for many reasons).
Comment by Shelton on 7 July 2009:
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?
Comment by loan modification on 7 July 2009:
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.
Comment by I'na Saulsbery on 23 July 2009:
I’m interested in doing an event there…who is the contact person?Please advise.
Comment by Nina on 19 September 2009:
You would have to be a serious retard to lose 248 million dollars, I have no sympathy at all.
Comment by Nina on 19 September 2009:
ha, “who is the contact person?” what kind of grandiose world is this?