Wednesday, July 11, 2012

Evander Holyfield Gets Evicted After Losing 109-Room Mansion to Foreclosure

Poor Evander Holyfield. Like millions of Americans who can't manage to keep up with their mortgage payments, the former heavyweight boxing champ has lost his home to foreclosure. But, unlike millions of Americans, Evander was living way too large. The 5,000-square-metre mansion in the Atlanta area with 109 rooms (including 17 bathrooms, three kitchens and a bowling alley) has been in foreclosure since 2009 after the bank placed a lien on the home because Evander defaulted on a loan -- twice. The home was placed on the auction block that year, but was saved. However, last March, the home was sold to JP Morgan Chase for $7.5 million in a foreclosure auction. Evander owed more than $14 million on the home at the time of the auction. Tuesday was moving day.

source: WSB
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