Friday, March 05, 2010
Boxing legend Thomas "Hitman" Hearns, a seven-time world champion who made more than $40 million during his career, is facing foreclosure on his Southfield home later this month and owes more than $961,156 in delinquent taxes and mortgage payments, records show.
Hearns, 51, and his wife have defaulted on their mortgage and owe almost $513,000 on the home. And their bank has scheduled a foreclosure sale March 23, according to a legal notice published in the Legal News.
The pending foreclosure is the latest in a prolonged period of financial problems for the most successful boxer to emerge from Detroit's Kronk Gym.
He fought in one of the sport's epic matches 29 years ago, battling Sugar Ray Leonard for 14 rounds before the fight was stopped with the Hitman sagging against the ropes.