Thanks to Merrill Lynch.

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.

[Reuters]

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Comments (16)

  1. Posted by Golden Boy | August 17, 2011 at 5:09 PM

    He is one of the greats. A legend.

    -Jim Cramer

  2. Posted by wannabe | August 17, 2011 at 5:11 PM

    Who's more famous: Burt Reynolds or Norm MacDonald playing Burt Reynolds?

  3. Posted by Anal_ist | August 17, 2011 at 5:16 PM

    Don't let those haters get you down. You will find a place to stay soon. I did.

    -"Nails" Dykstra

  4. Posted by geoffgeoffgeoff | August 17, 2011 at 5:16 PM

    Thain: Don't you ever take off that stupid hat
    Reynolds: I take my hat off for one thing, one thing only.
    Thain: Oh…
    [Beat]
    Thain: Take your hat off.
    [Reynolds, stunned...]
    Thain: I mean, If you want to…
    Reynolds: Oh, I want to.

    [INSERT DROP-D BASS LINE]

  5. Posted by Louis Winthorpe III | August 17, 2011 at 5:23 PM

    Jack Nicholson now, or 1974?

  6. Posted by Texashedge | August 17, 2011 at 5:24 PM

    It's too bad he wasn't able to take home more of that Jeopardy money

  7. Posted by Golden Boy | August 17, 2011 at 5:27 PM

    He shouldn't have gone all in on that RICK bet.

    Here's the no.1 rule of hedging: you buy just enough RICK to potentially offset all the dough you spend on the ladies there; but you don't treat it as an investment.

  8. Posted by Anal_ist | August 17, 2011 at 5:47 PM

    Turd Ferguson sure could play him some Jeopardy.

  9. Posted by 2_Small_2_Bail | August 17, 2011 at 6:54 PM

    I rank them as follows:
    1-Burt Reynolds moustache
    2-Burt Reynolds shot
    3-Norm MacDonald playing Burt Reynolds
    4-Burt Reynolds

  10. Posted by Lugs Harvey | August 17, 2011 at 7:01 PM

    Lugs: Stroker, watch out for Audbrey
    Stroker: Who?

  11. Posted by Yes we can | August 17, 2011 at 7:26 PM

    We like to refer to it as Hope Sound, thank you very much.

  12. Posted by GUEST | August 17, 2011 at 7:49 PM

    He should auction off his toupee on ebay

  13. Posted by guest | August 18, 2011 at 12:38 AM

    Is this conversation taking place with the sound of dueling banjos? Da-Da-da-da-da-DA!

  14. Posted by Tighty Whiteies | August 18, 2011 at 9:21 AM

    Now you will squeel like a pig.
    -Merrill Lynch

  15. Posted by Seaman Bodine | August 18, 2011 at 12:16 PM

    aim it at her tits eddie

  16. Posted by Burt in Gator | August 18, 2011 at 12:54 PM

    [youtube zz3ic9ZNXNU http://www.youtube.com/watch?v=zz3ic9ZNXNU youtube] He did his own stunts!!

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