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Evander Holyfield

When Selling Your House

for $7.5 Mil Actually Sucks

6/8/2012 11:55 AM PDT BY TMZ STAFF
EXCLUSIVE

0608_evander_holyfield_tmzGood news: Boxing legend Evander Holyfield recently sold his house for $7,500,000!!!

Bad news: It was at a public auction, he actually owes the bank twice that amount ... and he also owes over $200,000 in back taxes. 

According to docs filed in Georgia, Holyfield's massive mansion -- 54,000 sq. ft on 234 acres -- outside Atlanta sold at public auction on March 6 ... but part of the money will go directly to Uncle Sam to pay off his back tax bill. 

As for the rest ... according to the documents, Holyfield owed more than $14,000,000 on the house -- plus more than $2500 in foreclosure expenses. It's unclear whether the bank is going after him for the balance.

Evander's senior advisor, Tony Tortorici, tells TMZ, Evander is working with his advisors to resolve his financial issues as quickly as possible. As far as the home, Tortorici explains, "[The home] was purchased by J.P. Morgan Chase, technically as part of a foreclosure. However, Evander continues to live in the house while options are being pursued. He is confident that an amiable agreement will be reached soon to resolve this situation."

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27 COMMENTS

No Avatar
1.

Majestik    

What the "F".

Okay, unless this guy has 10 baby mamas and 30 children where the HELL did all that money go that he made in his career? Did he take one too many hits to the noggin not to have invested some dollars in a Damn good financial advisor?
.
Unfreakinbelievable!!!!

766 days ago
2.

stu    

he should have sued Tyson & he wouldn't be in this mess.

766 days ago
3.

static    

A van on Crenshaw.

766 days ago
4.

UNLEVINED HARVEY    

don king may have a pocketful

766 days ago
5.

EMB    

The money would of been better spent on condoms. Just another dumb black jock who uses the wrong head.

766 days ago
6.

SNS Post2    

Visit snspost.com for more news and Chicago-related information!

766 days ago
7.

Dave McCarroll    

good ! he's an ******* !!! i met him along with several other boxing legends at a canadian football league game in Toronto back 2002 a specail event to raise money for parkinsons it was Muhammad Ali day ! Everyone Else Was Great Larry Holmes, Lennox Lewis, Smokin Joe Frazer & the greatest ever George Chuvalo !!!

holyfield wouldnt even sign an autograph ! hes a punk........i wish i bit his other ear off or sucker punched his glass jaw !!!

DOUCHE BAG ! Looks Good On Him ! hahahaha

766 days ago
8.

CriticXtreme    

Foolish mistakes in a fake sport with toooo many shots to the head and not keeping your penis rapped up. Tooo many damn kids and not enough brain cells. He's another embarrassment and borderline retard.

766 days ago
9.

jeff    

Holyfield has been my favorite fighter for the last 25 years since he burst on the scene. I can't understand how he blew through all that money. Sad, I thought he was alot smarter than that. He isn't the greatest of all time(Ali)he is easily in the top 5 heavyweights ever. The only 4 time heavyweight champ ever. Ali and Holyfield have the best opponent resume's ever. Look it up. They fought everybody who's anybody.

766 days ago
10.

Stiletto    

Spin & win! Spin & win! Throw the dart and hit the correct number of "baby mama's" he has and win a case of condoms! Spin & win! Spin & win!

766 days ago
11.

NDNchief    

Just a thought. . . but if you had all that money; wouldn't you PAY OFF your house completely, free and clear?. Just so you can feel the thrill of OWNING your house.
I have zero sympathy for this loser.

766 days ago
12.

JWolf    

54k square feet!?!? Holy crap! Rich as hell or not that's absurd...

766 days ago
13.

parlayer    

fight your way out of this!! How come most Blacks can't count.

766 days ago
14.

Tigers Wood    

Why would a bank give him a loan like this?

766 days ago
15.

LOKI    

1. Don King is a S***BAG

2. Seriously, who needs a $14 mil house? I mean really
I know he was 'it' for a while, but did he not think it was gonna dry up?
For $3mil you can get some pretty nice digs

766 days ago
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