Showbiz

Burt Reynolds faces losing Florida mansion over $1.2m debts

Published Wednesday, Aug 17 2011, 14:34 BST | By Justin Harp | 5 comments

Burt Reynolds is facing a $1.2m (£729,528) foreclosure lawsuit on his 'Valhalla' mansion.

Wealth management firm Merrill Lynch Credit Corp has filed a legal suit claiming that Reynolds hasn't made mortgage payments on his Hobe Sound, Florida home since September 2010.

Merrill Lynch is seeking full payment of the $1.2m owed in back-costs and asking Reynolds to pay attorney fees, the South Florida Sun-Sentinel reports.

Reynolds also reportedly has a second $750,000 (£455,955) mortgage on Valhalla with BankAtlantic.

The Best Little Whorehouse In Texas actor first purchased the home in 1994, while still married to ex-wife Loni Anderson.

Reynolds has been unsuccessful in his attempts to sell Valhalla, which is valued at $2.4m (£1.4m).

A rep for Reynolds declined to comment on the legal filing.

Reynolds will next star opposite LeAnn Rimes in the television movie Reel Love, which airs in November on CMT.

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