Former heavyweight champion Evander Holyfield is moving out of his Fayette County mansion.
The 109-room mansion, which sits on 235 acres near Fairburn, was sold to JP Morgan Chase for $7.5 million in a foreclosure auction in March.
Chase spokesman Greg Hassell confirmed that Holyfield was in the process of moving out.
“We’ve worked with Mr. Holyfield to give him several months to move; he’s in the process of relocating and we’ve brought in additional resources to move the process forward,” Hassell said.
Tony Tortorici, Holyfield’s senior adviser, confirmed to the AJC in June that the estate sold March 6 for $7.5 million to JP Morgan Chase. Holyfield reportedly owes more than $14 million on the house, including federal taxes. Holyfield has continued to live there since the sale.
In a 2009 interview with the AJC, Holyfield said the mansion cost more than $1 million annually to maintain.
Holyfield also owes some $500,000 in child support payments, according to an article last year in Atlanta Magazine.
“Evander Holyfield’s personal financial situation is complicated,” Tortorici told the AJC last month. “He and his closest friends and advisers are working together to resolve these issues as quickly as possible.”