Wikinvest Wire

"Hitman" Tommy Hearns now in foreclosure

Wednesday, March 17, 2010

Zillow reports that eight-time world champion boxer Thomas "Hitman" Hearns is now facing foreclosure for his Detroit home that, according to Zillow, reached a peak in value back in 2007 at just over $800,000 but is now worth less than half that amount.

According to the Detroit News, Hearns is past-due on taxes and mortgage payments, owing a total of $961,156.
IMAGE Just on Hearns’ home alone, he owes $512,965 and the bank has filed notice that his home is scheduled for a foreclosure sale on March 23, according to The Legal News (free subscription required to access article).
I'll never forget those "glory days" of welterweight and middle-weight boxing back in the 1980s when grown men would crowd around 19 inch TVs to watch fights on pay-per-view involving Hearns, Sugar Ray Leonard, Roberto DurĂ¡n, and Marvin Hagler.

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