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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
16.

Paul B    

Evader is the best tactical boxer that's ever stepped into the ring. Recently read his book which was fantastic. I hope he gets out of what seems like his biggest fight to date. Go Warrior.

775 days ago
17.

dave    

Uhhh... the city named the street where the house is located after Holyfield. So Holyfield will still be associated with the neighborhood!

775 days ago
18.

dfghj    

Live within your means folks.

774 days ago
19.

steve    

Hey give Ebaner Olypield sum credick,He was da hebeywieght Champon. LMAO!!! Sometimes you got pull out ,wear a condom or if you gonna go in bareback, at least get a vacetomy when you get to 5 d@mn kids!!!

763 days ago
Previous 15 Comments | 1 | 2

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