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David Duval

FORE!!! ... closure

7/30/2012 4:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0728_david_duval_01

Golf superstar David Duval has made more than $18 million on the PGA Tour ... which is why it's pretty shocking that his Colorado mansion is in the middle of some major foreclosure drama.

According to documents obtained by TMZ, David and his wife Suzanne took out a loan for $5.9 million back in 2005 to buy a $12.35 million home in Cherry Hills Village, CO ... a suburb of Denver near Payton Manning's new home.

But the bank claims Duval has failed to make his payments ... and now it's going after the golfer's home to get it's money.

According to documents, the home will be put up for public auction on November 7 ... unless Duval can come up with the money.

We reached out to David -- so far no word back. We also called David's former agent hoping to get a comment ... but we were told the golfer has parted ways with the agency and is now representing himself.

For more sports stories, check out tmzsports.com!
33 COMMENTS

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1.

Toilethead    

Why did the bank loan him that kind of money in the first place?

786 days ago
2.

Jordan    

David contact OctoSlut she can teach you how to beg your fans for money.

786 days ago
3.

cc    

WAHT A DOUCH BAG GO AWAY U WOTHLESS SLIME U AND DIGER...

786 days ago
4.

Mason H    

Spend more than you make = fail every time!

786 days ago
5.

cc    

WHAT A DOUCH............. i CANT PAY FOR ELECTRIC AND THIS BAG IS LOSING..............

786 days ago
6.

Ace    

Banks get bailed out by the taxpayers and then screw the public, great system, let's keep it up

786 days ago
7.

jake    

Hey TMZ! It's PEYTON, with an E. Get it right, he is only the best QB of all time.

786 days ago
8.

Ace    

He has made almost 19 million on the PGA Tour but he has made a lot more then that with endorsements, appearance fees...etc. The fact is David Duval lost his game. I guess he didn't manage his money very well either. He has 5 kids.

786 days ago
9.

3Storms    

I wish these stupid celebs and athletes would stop buying the most expensive houses they can. If they bought something more reasonable, they'd have money in their pockets and would own that home forever.

786 days ago
10.

Flying Blind    

first off David was never a Super Star, he had a few good years 20 years ago where he made a lot of money. Then he fell off the radar never to return.

786 days ago
11.

RicRoc5    

If this had been a Black Celebrity (especially a Rapper), there would be all kind of racist statements about how all Blacks can't manage money or some wise crap. But since he is white, not one racist remark.......... hummm, Go Figure. Sometimes I wish We had the same amount of Hate in us too, so we could even up the playing field.

786 days ago
12.

Jack    

2005 is just about the time his game started going south. Now he's lost his card and existing on sponsor exemptions. Wonder if the financial pressure of this huge loan and taking care of all those kids had something to do with it. Lesson is to always live below your means no matter how much money you are making at the time. Nobody needs a $12+ million dollar house, they want to show off for family and friends and say look at me. Well now look at DD, he isn't showing off for anyone and is in quite a mess of his own making. Hope you get your game back David but it ain't looking so good. Maybe it's time to open that coffee shop.

786 days ago
13.

static    

It's like the old saying :Think nobody cares?, just miss 3 payments.

786 days ago
14.

Mimi    

Duval lost his game several years ago, he's barely scratching out a living now. It happens... but some people are smart enough not to overspend in the first place.

786 days ago
15.

Versability    

It's likely not his fault. Assurant and QBE First (F.K.A Balboa Insurance, A.K.A Praetorian Insurance) have been ripping off home and vehicle owners for decades.

Remember the term Force-Placed Insurance, as it is the leading cause of foreclosures since 1994. False placement of artificially inflated premiums have been proven by the New York DFS to illegally drain borrower escrow accounts, blocking property tax payments and doubling mortgage payments.

Read my firsthand account as a bank whistleblower to uncover the largest banking fraud in history: http://thoughtforyourpenny.blogspot.com/2012/07/the-boy-who-cried-force-placed.html

786 days ago
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