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.
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Miami Dolphins Daunte Culpepper Ft Lauderdale Home Foreclosed
Daunte Culpepper, the 2006 quarterback for the Miami Dolphins lost his almost 10,000 square foot home to the bank due to foreclosure. About 10 years ago, Culpepper signed a 10-year deal with the Minnesota Vikings worth over $100 million. Culpepper was then signed to the Miami Dolphins in 2006 after obtaining a knee injury with the Raiders from the prior year. Culpepper bought the property for around $3.6 million after the Miami Dolphins signed him.
Daunte Culpepper struggled from his past knee injury and only played with the Dolphins for one year. This ultimately led to his foreclosure on his house. Culpepper does still have another house in Broward County that he is currently living in.
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Evander Holyfield in Contempt of Court
It looks like the legendary boxer; Evander Holyfield is having difficulty dodging these financial blows. Once again, he is back in the news, but this time he is being held in contempt of court in Georgia. He failed to pay $563,900.91 in back child support.
According to TMZ, this original debt stems from the initial payment of over $372,000. The child support is for his 18-year old daughter, Emani.
Holyfield was found in contempt of court by the judge who ordered him to pay $2.950 a month to settle the debt. However, the boxer did make an initial payment of $17,700, but the judge ordered a percentage of his income to be earmarked in order to pay down the debt.
