Is it a full moon or what?
For the second time this week, a major celebrity is making foreclosure headlines - Holyfield foreclosure. This time it’s the real deal himself, Evander Holyfield. News reports state that not only is he behind on the mortgage on his home in Fayette County, Georgia, but he is also behind in child support, which he denies. But wait, there’s more. He is also being sued by a consulting company in Utah for a $550,000 loan he took out for landscaping his estate. Certainly, not a good position to be in.
While taking a beating in most of the the headlines, the former heavyweight champion fought back today in an article by the Atlanta Journal-Constitution stating that he was in fact, not broke. Evander said, “I do feel kind of sad because things have always been positive and now everybody wants to jump on me like I’m the worst person in the world and I went out and blew all my money.” In addition, “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”.
It’s the 12th round and we wish Evander and his family all the best.
Related Holyfield Foreclosure Links:
In related foreclosure news, Tom, from The Real Estate Bloggers has a great post about the Reset of Option Arms and how this may trigger a new wave of foreclosures.
CNN has a good video covering the Evander Holyfield Foreclosure news.
Check out this overhead view of Evander Holyfields’ Mansion Estate located at 861 Evander Holyfield Hwy Fairburn, GA 30213-3415
Homes for Sale in Fairburn, Ga
A Home for Sale on Evander Holyfield Way
Fairburn, Georgia Real Estate Guide
Georgia Trulia Voices Real Estate Q&A Community
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June 8th, 2008 at 10:45 am
I’ve never heard of anyone not broke going into foreclosure. Fess up Evander….your broke.
June 10th, 2008 at 8:38 am
It is amazing to me that people with large bank rolls and incomes get themselves into financial distress. it just goes to show that no matter how much money you make, money management is just as important as the number of zeros on the check.
July 8th, 2008 at 11:46 am
Check Out Short Sales
A short sale falls between a regular sale and a foreclosure sale. A home listed for short sale has a motivated buyer for many potential reasons. One such reason is that the home could be in pre-foreclosure, which means the vendor needs money quickly; otherwise they will lose their home.
In a case like this, potential buyers can get a great deal…even a steal of a deal! When you deal with a short sale you can get a home almost as cheap as with a foreclosure sale without a bidding war and without having to deal with the legalities and red tape involved in a typical mortgage foreclosure. You can find many online sources that list foreclosure and short sale deals. A great benefit of a short sale is a very quick closing, which can be an attractive proposition to the seller and buyer.
July 22nd, 2008 at 1:13 pm
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August 5th, 2008 at 6:56 am
Creating Funds for Special Purchases
Do you want something new that you can’t afford? Don’t be tempted to use credit or apply for a loan to get it. Instead, save up for it. Just like when you were a kid, start a piggy bank and begin saving your money.
Put money from overtime in the jar as well as from savings and extra little windfalls and before you know it, you’ll have reached your goal. Buying a bigger ticket item with cash can give you a real sense of accomplishment without the following worries:
-No payments ever in the future. You own it; it’s yours.
-No harassing creditor calls in your future.
-No worries about repossession or poor credit reports.
Buying with cash is something not enough people are doing today. Changing your spending habits can reduce your stress, increase your sense of accomplishment and make you financially wealthy.