is it true holyfield went broke?

[Point Blank]

i was reading in the news on yahoo saying that his house is going to be foreclosed. but he says it's not true? what happened? did he lose his money or something? i dont know guys but it's hard to see another icon go this way. plus he was never the bad guy type of fighter. why can't they be like george forman who atleast had a backfall even though he isn't boxing anymore.

[cuzfozzy]

yeah but his broke is probably our rich - lol

[Hitman932]

hes just not liquid with his assets yo

[Point Blank]

yeah but his broke is probably our rich - lol

u got that right.

[Bobby Shaw]

He's broke although he denies it.If it was cashflow problems he would be disposing of smaller assets.

[JcourT]

I believe him when he says that he isnt liquid, i can see how it would be easy to spend up all of your cash and have all your assets in real estate or long term bonds

[Bobby Shaw]

I believe him when he says that he isnt liquid, i can see how it would be easy to spend up all of your cash and have all your assets in real estate or long term bonds

Is foreclosure voluntary or involuntary?

[JcourT]

Is foreclosure voluntary or involuntary?

It is involuntary, it happens when the person who gave out the loan files to have the mortgage terminated, basically so they can 'repo' the house...i think thats how it works at least

[Bobby Shaw]

It is involuntary, it happens when the person who gave out the loan files to have the mortgage terminated, basically so they can 'repo' the house...i think thats how it works at least

If Holyfield wasnt broke he wouldnt need a foreclosure.If his money was tied up in real estate he would dispose of his assets voluntarily or get secured debt on some assets.

He's just denying but the truth is he's broke.

[JcourT]

and apparently that hotel he calls a house isnt being foreclosed on anymore...