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Bank aims to foreclose on Burt Reynolds’ Fla. home

- Associated Press - Wednesday, August 17, 2011

JUPITER, FLA. (AP) - A bank is seeking to foreclose on Burt Reynolds' Florida home so that it can collect about $1.2 million for a mortgage.

Merrill Lynch Credit Corp. has filed a lawsuit in Martin County against Reynolds, BankAtlantic and Great Eastern Mortgage, claiming the Emmy Award-winning actor has not made a mortgage payment since Sept. 1, 2010 on the 12,500-square-foot house.

Merrill Lynch is asking a judge to order the home sold to satisfy debts. The county property appraiser valued the Mediterranean-style home at $2.4 million.

The Stuart News ( http://bit.ly/qRkMj4) reports Reynolds tried to sell the home in 2009 for $8.9 million, but he said then that the economy was making it difficult to sell. Reynolds, 75, had a heart bypass operation last year.

Reynolds said in a statement through his publicist Wednesday that he was surprised by the lawsuit.

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