The 75-year-old actor has failed to pay the mortgage for a year on the £1.4 million house - which comes with 4.5 acres of land - and is being taken to court for owing Merrill Lynch Credit Corporation around £730,000.
According to the South Florida Sun-Sentinel newspaper, the loan was taken out in 1994 by the `Boogie Nights` actor, and the lawsuit was filed at the Martin County Circuit court on August 9.
Two years ago he put the 12,500 square foot mansion - which features a private beach a boat deck and its own hair salon - up for sale for £5.4 million.
Burt is not the only star to recently face problems with paying their mortgage.
`I Believe I Can Fly` hitmaker R. Kelly had a foreclosure filed against him by JPMorgan Chase Bank for £1.6 million in June after failing to pay back his home loan for a year.
According to Crain`s Chicago business news, the house - which is based in the Olympia Fields suburb of the city - lost 26 per cent of its value in 2009, plummeting from £3.1 million to £2.3 million.
sections: Celebrities |
Russian News
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