Burt Reynolds Faces Losing His Florida Mansion
8/17/2011 8:45am EDT
Veteran actor Burt Reynolds reportedly faces losing his Florida mansion after failing to pay off his mortgage debts.
The Smokey and the Bandit star owes almost $1.2 million in payments, dating back to last year, according to a new lawsuit.
Reynolds is reportedly trying to sell the sprawling property for $8.6 million, despite it being valued at just $2.4 million.
Now, officials at Merrill Lynch Credit Corporation are seeking a court order for the home to be sold, reports Britain's Daily Mirror.
The property includes a private cinema and hair salon.