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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
121.

soberandsmober    

What an ******* move to post this. Terrible. At the very, very, very least, you could have waited a few weeks. I hope someone does some digging into TMZ employees' personal finances and posts it for the world to see.

753 days ago
122.

AreUCrazy    

Why are you contributing to the fall of this economy? Pay you're F'in Bills!!!!
If you bought it, You pay for it.
Gawd I hate people that leech or take advantage of the system.

753 days ago
123.

remy    

good. **** ryan lochte

753 days ago
124.

Valerie    

Shameful!!!! Disgusting!!! The reporter and your so call organization should be ashamed. This has no news value and only serves to hurt and embarass a family.

753 days ago
125.

tanna    

Who cares he is hot as hell

753 days ago
126.

Kurt     

Please join me in Boycotting TMZ.com & TMZ TV and their advertisers for one week, starting August 11 in response to this horrible story. There is a FB page, "Boycott TMZ" please click LIKE if you agree.


Thank You

753 days ago
127.

EricsGirl    

And TMZ stoops to a new low. Not cool. Leave these people alone. They're not celebrities - their son is. And he's currently representing our country. Lame story.

753 days ago
128.

A1A    

I posed comment #105. Now that I've had time to think about it, TMZ's posting of this private information about this family, even though other sites have done it, is so disgusting, that I will do everything in my power not to load the TMZ site ever again. I must be one really sick **** to support someone like Harvey and his no-class operation. Harvey, go to hell you mother****er and delete my account.,

753 days ago
129.

tumh2o    

Posting stories like this on TMZ gives away your staff's staggeringly unprofessional, ignorant, juvenile and uneducated nature. Your format of profiting from reporting (gossiping) celebrity misfortune should not include speculating on the finances of parents of amatuer athletes.

Hope your paycheck is worth the lost integrity..

753 days ago
130.

thestupid    

Heyyyyyy... guess what. A gold medal wont pay for your house. Maybe your douche bag son can whore himself out now? Good luck. Maybe the Jersey Shore needs a room mate.

753 days ago
131.

Leaningpine    

Maybe he could sell that stupid gold grille on his teeth to help them out.

753 days ago
132.

ar11944    

The good thing for them is that since Citi told TMZ what is going on they will own thier house and a LOT more. The broke the FDCPA by giving this story to TMZ and anyone else. Karma at its best I say..WOW

753 days ago
133.

Beezy    

Love this kid. He's not all up in his own head like Michael Phelps.

753 days ago
134.

Alex    

Once again why is something like this a worthy story? Thousands of good Americans have either gone bankrupt or close to going. So what if it's an anthletes parents. Read a bit like you want us to assist them. They shouldn't have spent all that money in training their son. If you can't afford something, DON'T DO IT.

753 days ago
135.

katie10    

what a disgrace this trash can website is. why is this anyone's business. Shame on you, TMZ! Why would you post this. These parents are celebs, they're trying to help their child fulfill his lifetime dream(s). Why would you frickin post this. Let's see all of your loser TMZ's financial records, shall we!

753 days ago
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