The Real Deal Miami

Burt Reynolds remains tight-lipped on Hobe Sound foreclosure

August 24, 2011 02:09PM

Burt Reynold’s is not spilling the beans about how his Hobe Sound home ended up in foreclosure. In an interview with ABC News, he said he was “as surprised as everyone. I thought my career and my life could not be going better,” he said. “There are a hell of a lot of other people worse off than I am, and my heart goes out to them.”
Reynolds had a $1.2 million mortgage on the house and hadn’t made a payment since September 2010. He has a second mortgage on the home from Bank Atlantic for $750,000. The actor has been trying to unload the four-acre estate for some time. He put it on the market in 2009 for $8.9 million. [WSJ]