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Ryan Lochte

Parents Swimming in Debt, Facing Foreclosure

8/4/2012 6:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0803_ryan_steve_ike_lochte
US Olympic swimming champion Ryan Lochte might have to parlay his newfound fame into a quick payday to help out the folks ... because TMZ has learned, his parents are allegedly buried in debt ... and could lose their home. 

According to a lawsuit filed in Volusia County, FL ... CitiMortgage claims Steven and Ileane Lochte took out a mortgage loan for $258,000 back in 2007 and they were to pay $1,609.58/month.

But according to the bank, the Lochtes stopped making payments in February 2011 -- and now owe $242,239 (plus interest) on the home. The bank is suing to foreclose on the house in order to get its money back.

But there's a lot on the line -- according to the lawsuit, if the sale of the Lochtes' home doesn't satisfy the couple's entire debt ... the bank wants the Lochtes to pay the difference.

Mrs. Lochte filed a motion to dismiss the case last month, but a judge has yet to rule.

Attempts to reach the Lochtes were unsuccessful.

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

No Avatar
136.

ANS84    

Haven't read the comments but pretty sure they're in the middle of a divorce.

719 days ago
137.

bring back recent posts    

....no clue what the reality is...but...I am sure MP's could cut a check and help out.........and their son should make some good coin in future!..good luck!!

719 days ago
138.

bring back recent posts    

....MP =6'4".....he needs too share with his team mate..his body is just longer...

719 days ago
139.

Northerngirl41    

I really think this was the final straw for me and TMZ. They are the biggest a-holes when it comes to exposing and humiliating people--this is a whole new level. SHAME ON YOU TMZ YOU UNAMERICAN JERKS!

719 days ago
140.

Bailey63    

Six months behind in mortgage payments? Give them a breack, Jeez

719 days ago
141.

Hudson    

Kinda sucks you would post this about his parents. He is at an all time high and you want to bring him down over his parents sacrifice. You are at an all time low.

719 days ago
142.

Dawna    

I think it's terrible that we have to make this news!!!! Let this family enjoy there son's acheivments and spare them from this humiliation.. Why TMZ??? This is just trash to me.. and its hurtful to them. NOT needed and in very poor taste to print it.

719 days ago
143.

Who is the parent    

Truth is many Americans are facing foreclosure but why you choose to focus on them and humiliate them when they are at the proudest moment of their life in being happy for their son and his accomplishment is just LOW. Reminds me of those bashing Gabby Douglas over her hair it's like the haters got together and were like no Olympic joy for team USA and their accomplishments lets just hate on petty and insignificant things to be party poopers.

719 days ago
144.

fran    

We are not, or I am not, interested in the financial situation of the parents. I am watching their son swim. I am sure the parents have made tremendous sacrifices for their son over a very long period of time. For you to bring up the financial situation of the parents is clearly not acceptable.

719 days ago
145.

Beauty    

I feel confident that very soon they shall have zero money woes.

718 days ago
146.

geminiman7    

Good Lord if they were darker, the TMZ audience would be10 times as HATEFUL!!!! SMH...

718 days ago
147.

AJFS    

Let us not forget that this heinous, little, mean spirited man Harvey Levin launched TMZ by posting photos of celebrities picking up dog crap on their front lawns. We shouldn't expect human decency from him or his staff.

718 days ago
148.

Faye    

I'm not sure I understand why TMZ is reporting on Olympic Athletes finances. Give it a rest TMZ. You look like asses.

718 days ago
149.

crom777    

Classless of TMZ for this and a distraction for him. So unpatriotic also.

718 days ago
150.

JNix ATL    

Come on, guys! Why not have everyone donate a dollar to help out an american Olympic star? He's not a celebutant or an ego driven wannabe actor...play nice!

718 days ago
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