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Ryan Lochte

Parents Swimming in Debt, Facing Foreclosure

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

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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

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61.

SpeakTheWord    

Harvey ...why in the F??K would you put this out there .Not making Gays or Jews look good today buddy. This is a total TMZ fail .You need to edit things out that might not be worth the trouble run with when it's done during the Olympics . Don't run crap that you think will make you money just for the simple fact it might make you money.

774 days ago
62.

christy    

This is not our Business! How dare you dig up dirt on the family, let them enjoy!

774 days ago
63.

Who Knew    

Why to put a dark light on the Olympics TMZ. Maybe you post a story about a Olympic parent dying of cancer and loosing their home.

774 days ago
64.

Lori    

This is low, even for you TMZ. Leave his family out of the news. He's a friggin' Olympian, and you dig up dirt on his family?? You are truly bottom feeders.

774 days ago
65.

Buckaroobonzai    

leave it to TMZ to humiliate and disparage Americas national hero. wat to go TMZ... you make America proud. Ya'll are a bunch of schmucks.

774 days ago
66.

John Galt    

His payday would be greatly increased if he would lose that stupid grill and stop acting like a douche.

774 days ago
67.

pj    

I dont really like ryan but COME on thats private family stuff. And you think by posting stories like that will help ryan concentrate to win any gold ...not classy tmz

774 days ago
68.

John Galt    

@Buckaroobonzai

Aren't they just reporting the news?

774 days ago
69.

whymoi    

And this story has WHAT to do with Ryan's AWESOME performance at these Olympics?

774 days ago
70.

BobCIL    

TMZ,

Is this story necessary? Mr & Mrs Lochte are not public people. Whatever new found fame Ryan has found does not include them. Shame on you for barging in on their personal life's. It's not like they were out with Ryan and you snapped a picture, captioning that they were his parents. This is wrong.

774 days ago
71.

Buckaroobonzai    

I would say this proves that TMZ is Anti-American and this story proves that TMZ would contribute to the fall of America with their heads held high and using freedom of the press as their defense. I find it hard to believe I ever liked these people. As a fellow Jew, I would piss on Harvey's face for this story.

774 days ago
72.

scoopie    

since they purposely stopped paying (I refuse to believe they had zero cash for over a year), they should suffer the consequences .. but nothing like an olympian son to save the day, I guess

774 days ago
73.

Clare    

Maybe he can sell his diamond teeth grills? More than $50K right there!

774 days ago
74.

jay    

this is an unfortunate situation. I am sure this young man does not want this informational publicized. I trust his parents seem themselves through this foreclosure situation. http://foreclosurehelpmate.net

774 days ago
75.

larkwoodgirl    

Right when I think that you guys can't stoop any lower, you print something like this. Even if the story is correct, you have publicly embarrassed this people for no good reason except to call attenion to your pathetic selves. The Lochte's are not celebrities or public people. Leave them alone you s***bags.

774 days ago
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