Ryan couldn’t call K.Michelle to help him out? SMH. Just goes to show you that times are hard even when your son is making big money athlete checks.
According to RadarOnline reports:
Ryan Lochte was a money-making machine after the 2012 London Olympics, even landing his own reality TV show — but RadarOnline.com has exclusively learned he was unable to help save his parents’ home, which they lost to foreclosure.
According to court documents obtained by Radar, the final judgement on the foreclosure of Steven and Ileana Lochte‘s Port Orange, Fla. home was handed down on Oct. 31, 2013.
The Lochtes were first sued in 2012 by CitiMortgage claiming the couple took out a loan for $258,000 in 2007, requiring $1,609.58 payments per month.
But the bank then claimed the Lochtes stopped making their payments in Feb. 2011 and owed more than $242,239!
The Olympic swimmer’s parents were sued in Volusia County, Fla. for foreclosure over the money owed and lost last October.
The judge signed a judgement in favor of the bank to the tune of $304,219.95.
Although the bank hasn’t listed the house for public auction yet, it’s only a matter of time before they do as they were issued the Certificate of Title on Dec. 18, 2013.
Interestingly, just before the Lochtes stopped making payments on their home Steven was arrested and charged with a DUI on April 11, 2010 blowing a .207 and .217 on the scene.
Steven lost his driver’s license for one year.
Dang. They stopped paying their mortgage even before Ryan won his medals. Looks like somebody gave no fawks about keeping that house!