Olympic Swimming Star Ryan Lochte’s Parents Foreclosed
The parents of Ryan Lochte, the Olympic swimming star, just took a nosedive into the foreclosure crisis. About two years ago, Steven and Ileana Lochte stopped paying their mortgage on the Port Orange, Fla. home. Even with the millions of dollars the Olympic star made in endorsements, he decided to not help his parents. At this point, the home has not been listed on the market yet.
According to reports, the Lochtes borrowed $258,000 in 2007 for the home. They still owe about $242,000 on the foreclosed property.
This photo is courtesy of Ubcwwong via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
January 17, 2014 | Filed Under Athletes in Trouble, Famous Athletes Homes
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