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.