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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.

0803_lochte_home

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

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46.

emme    

WOW TMZ! I'm usually a fan, but to post something about an athletes family is crossing the line. All they did was support their son both financially and emotionally through his swimming career...back off!

720 days ago
47.

Lee    

Maybe she can make some money by selling her story about all the one night stands her son has.
I just can't work up any sympathy for her after that. Can you just imagine how her son felt reading that drivel?

720 days ago
48.

JDUB    

This is not a nice TMZ, these people don't deserve to have their private business broadcast to the world.

720 days ago
49.

PROUD AMERICAN    

SHAME ON TMZ......Take a walk in Ryan's shoes. He has worked so hard to accomplish his goals....."BE HONORED AND PROUD OF HIS REPRESENTATION OF THE UNITED STATES OF AMERICA." Apparently you're not!!!! Let him and his family enjoy everything he has earned, now and when he returns home.
It's apparent that there has never been any accomplishments on your end....."Go for the GOLD" and let us see how perfect "YOUR GENES" are!!!!

720 days ago
50.

mrd    

Don't buy what you can't afford.

720 days ago
51.

Mumra the Ever Living    

> Read this before you feel too bad about the situation:
http://jezebel.com/5931055/10-reasons-ryan-lochte-is-americas-sexiest-douchebag
> His parent are going under, but he has 130 pairs of kicks? Designer grills? That's right multiple pairs of gold/silver/bejewelled stupidity.
> You folks do realize that a $1,60...0 a mortgage payment is not that outlandish, right? This douchebag kid could pay this off easy, but you cant have a grill, a shyteload of silly clothes, 130 pairs of kicks, and pay off the loan Mom and Dad took out for you to live your azz wipe lifestyle.
> And there are people out there who wonder why no one likes Ryan Lochtes.

720 days ago
52.

Matt     

Why is this news? It is someone's personal finances.

720 days ago
53.

writenow    

This is kinda tacky TMZ. Wait. So's your thug/rapper news.

Is bringing back "Lawyer Friday" and get a little class an option?

Just askin'

720 days ago
54.

Sylar    

You Know.. You guys are A$$holes for publishing this story... Ryan Lochte's parents financial woes are no one's business and this story never should have been published! This is bad economy.. and Just about everyone is suffering and struggling to live and make ends meet.. So why put Ryan through this embarrassment? The only one you guys hurt here is Ryan.. I don't even know this guy but I admire the fact he has won all these medals.. is a great olympian and representing our country.

Yes I think it's totally absurd that he has flashy and ridiculous 25K work of diamond teeth.. and a 15k watch.. but that's Ryan's choice and his parent's and Ryan shouldnt be humiliated for absolutely no reason!
Is that all TMZ cares about anymore? Humiliating anyone and everyone just so you can make a buck?

720 days ago
55.

Sair-uh    

What now that Linsey Lohan is "sober" you have nothing else to report on? Leave the family alone, this should have stayed a private family matter.

720 days ago
56.

R    

Yeah, gee, why stop with him? Why not go after any financial info regarding Gabby Douglas or Missy Franklin, etc., before they get any endorsement deals? Some of what we already know is Harvey wears ugly shirts on air most of the time, Mike is fat and Charles is hot.

720 days ago
57.

Where's KOOKY?    

TMZ truly has achieved a new low with this non-story. Years ago, Mr. and Mrs. Lochte moved their family from Upstate NY to Florida JUST so Ryan could become a champion swimmer. They have sacrificed, scrimped and done whatever was necessary to see that their son lived his dream. Any parent reading this knows what I mean, because we've certainly been there, done that (but thank God, never lost our house!). And for TMZ to trumpet this sad, extremely personal news that has NOTHING to do with the Olympics while their son is celebrating his success is beyond the pale.

Regarding Mrs. Lochte's comments about Ryan's dating life: it sounds like a lot of readers still haven't learned how her comments were misunderstood. She is a native of Cuba, and probably still bungles English to a degree. What she said she meant is that Ryan doesn't do "one night stands" as we know them, but instead is so busy training that he has little time for dating and is only able to go on dates maybe one or two times, nothing long-term. He doesn't have time for a committed relationship as most of us do, because of his extraordinary life. Give them a break, everyone! I didn't know who RL was up until a week ago, so I don't really care either way, but the way the media has attacked this family is really sad.

720 days ago
58.

mrd    

Don't buy what you can't afford.

720 days ago
59.

Sylar    

I call for everyone that read this article to DEMAND that TMZ retract this story otherwise face a BOYCOTT!
Cmon People... Rally Together! Look what happened with Chik-Fil-A... People Rally together and the voice of people can make an impact! I think Everyone here should demand that TMZ retract the story.. and make a formal Apology or face a boycott by all TMZ viewers!!

720 days ago
60.

Sylar    

I call for everyone that read this article to DEMAND that TMZ retract this story otherwise face a BOYCOTT!
Cmon People... Rally Together! Look what happened with Chik-Fil-A... People Rally together and the voice of people can make an impact! I think Everyone here should demand that TMZ retract the story.. and make a formal Apology or face a boycott by all TMZ viewers!!

720 days ago
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