Like at lot of Americans over the past few years, it looks like Burt Reynolds has gotten himself in financial trouble because he refinanced his home.

According to court papers, the 74-year old Oscar nominee has missed more than a year’s worth of payments on a $1.2 million mortgage he took out against his long-time home in Hobe Sound, Florida, and now faces foreclosure.

Reynolds attempted to sell the 12,5000 square feet beachfront property — which he dubbed “Valhalla” — in 2009 for $8.9 million, but to no avail.

Reynolds underwent quintuple bypass surgery in February of last year, which is about the same time he stopped making his mortgage payments.

[Examiner.com]