Not too far from my home sits Evander Holyfield’s monster mansion. With 109 room and 235 acres the home is the largest in our county and sits on Evander Holyfield Highway.
And according to local reports, the 10 million dollar mortgage on the property was past due and the home went up for auction. According to attorneys for Holyfield, the foreclosure situation was rectified, but for the former boxer, this would be a big blow to his ego.
Of course, it may explain why Evander will not retire from boxing. He is still paying on the mortgage.
Another point of interest for real estate folks is that when Evander Holyfield built his home in the northern part of Fayette County, Georgia, it was mostly rural. Since then there has been a tremendous amount of high quality development aimed at black professionals. Now this part of the county is a great community that has attracted other professional athletes and entertainers from the music industry.
I wish Evander and his family well as he tries to get the situation under control.
Holyfield appeared on the verge of losing his home, which sits on 235 acres just south of the Fulton County line, after a foreclosure notice appeared in Wednesday’s Fayette Daily News. Lien holder Washington Mutual, demanding full repayment of a $10 million loan, had scheduled an auction on July 1.
On Friday, Philip Hasty, an attorney for Shapiro & Swertfeger in Atlanta, the law firm representing Holyfield’s lending company, confirmed that the estate is no longer up for auction. Hasty said that the change happened Thursday morning but he declined to comment further.
Holyfield would not elaborate on the foreclosure listing but said “everything is alright with the house now.”
Holyfield’s former accountant, Sam Gainer, who was fired by the former world champion last fall, said he had advised his client to sell the estate, or at least some of the property. via ajc.com.