Reynolds Faces Losing Florida Mansion

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August 17, 2011 | 4:05am EST

Veteran actor Burt Reynolds reportedly faces losing his Florida mansion after failing to pay off his mortgage debts.
The Smokey and the Bandit star owes almost $1.2 million in payments, dating back to last year, according to a new lawsuit.

Reynolds is reportedly trying to sell the sprawling property for $8.6 million , despite it being valued at just $2.4 million

Now officials at Merrill Lynch Credit Corporation are seeking a court order for the home to be sold, reports Britain’s Daily Mirror.

The property includes a private cinema and hair salon.