The “Smokey and the Bandit” star was hit with a foreclosure lawsuit in Florida’s Martin County Circuit Court last Tuesday that claims he’s in arrears to the tune of $1.2 million on his Hobe Sound, Fla., home. According to the South Florida Sun-Sentinel, the suit, which was filed on behalf of the Merrill Lynch Credit Corp., claims that Reynolds hasn’t made a payment on the estate, dubbed “Valhalla,” since September 2010. The suit asserts, “Plaintiff must be paid $1,193,808 in principal on the mortgage note and mortgage, together with interest from Aug. 1, 2010, and all costs … and reasonable attorney’s fees.”
If anyone could find it in their heart to a couch, the $1,193,808 or perhaps even the $8.9 million asking price he put in the house in 2009 after buying it for $2.4 million, it’d be extremely appreciated. We weren’t able to save Lenny, but maybe we’ll be able to better by Burt.