Burt Reynolds Faces Losing His Florida Mansion

8/17/2011 8:45am EDT

Burt Reynolds

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.

Burt Reynolds

Photo Credits: PR Photos

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