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Burt Reynolds wants to live with you.

Well, looks like Burt Reynolds is facing foreclosure.  Looks like Burt hasn’t bothered to pay his mortgage since this time last year.  Maybe there’s another Cannonball Run in the works or maybe this is all for old Burt and his multimillion dollar home.

I’ve learned over the past couple of years that “rich and famous” do not always go hand in hand.  I’m not sure why old Burt couldn’t have settled for just a one million home and just paid cash. 

Most folks could save the home with a chapter 13 filing- because of the amount of Burt’s debt he may be eleigible for a chapter 11.  Typically a homeowner has more protections in a chapter 13 than chapter 11.  Sometimes the problems rich people have are actually worse it seems.

Good luck Burt.

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