Boxer Evander Holyfield forced to move out of his foreclosed home
July 10th, 2012 - 8:05 pm ICT by Aishwarya BhattGeorgia, July 10 (THAINDIAN NEWS) Boxer Evander Holyfield has moved out of his Georgia mansion under duress. It may be recalled that the retired boxer has been going through a hard time financially and thus he was way behind payments on his Georgian mansion. The mansion was sold at a public auction in March for $7.5 million.
His bank had foreclosed the property as he was behind $14 million in his mortgage payments. Bank officials had threatened him with jail time for failing to make his payments.
Evander was hoping that he would be able to persuade the new owners of his mansion to allow him some more time to stay and perhaps if his financial condition improved then he would also be able to buy his beloved mansion back.
However the negotiations with the new owners did not work out and ultimately Evander was left with no chance but to move out of his house. The media was waiting outside his house to take pictures of the moving trucks which transported the boxer’s belongings.
However Evander’s financial woes do not end here, as he still owes money to the US tax officials.
- Boxing great Holyfield's wife receives restraining order against him - Feb 12, 2010
- I'll retire if I don't get fights: Holyfield - Sep 12, 2012
- Evander Holyfield, wife to appear on Dr. Phil Show to solve marriage woes - Feb 19, 2010
- Obama presents mortgage refinancing plan - Feb 02, 2012
- Evander Holyfield's Wife Accuses Him Of Physical Abuse - Feb 12, 2010
- Holyfield says he's "going to be undisputed world heavyweight champ" - Apr 12, 2010
- Boxing great Holyfield agrees for marriage counselling after allegedly beating wife - Feb 14, 2010
- Obama's plan to help 3.5 mn homeowners (Lead) - Feb 02, 2012
- Behind the Numbers:Banks Repossess 1Million US Homes in 2010 - Jan 13, 2011
- Spanish government prods banks to modify mortgages - Mar 11, 2012
- Evander Holyfield taught me how to punch, says Helen Mirren - Apr 06, 2011
- Iron Mike's heart not in boxing anymore, says Holyfield ruling out re-match - Sep 17, 2010
- Nicolas Cage's Former Las Vegas Home Up For Sale Once Again - Jan 13, 2011
- Evander Holyfield cancels Dr. Phil appearance over 'dinner date disaster' - Feb 24, 2010
- Mike Tyson turns vegetarian - May 13, 2010
Tags: 5 million, bank officials, belongings, boxer, duress, evander holyfield, financial woes, foreclosed home, georgian mansion, hard time, jail time, money, mortgage payments, moving trucks, negotiations, public auction, tax officials