Ryan Lochte’s Parents Face Foreclosure in Florida

U.S. swimmer Ryan Lochte in London with his mother, Ileana Lochte. SOURCE: Yahoo!

What do you get when you cross a divorce, a troubled Florida real estate market and an 11-time Olympic medalist?

Ryan Lochte’s parents’ house.

According to TMZ, which first reported the lawsuit filed by CitiMortgage against the U.S. swimmer’s parents, Steven and Ileana Lochte stopped making payments on their $258,000 mortgage in February 2011. The bank is suing to foreclose on the property, which has a remaining balance of $242,239.

Like many homeowners in foreclosure in Volusia County, FL, the Lochtes could be on the hook for more than their home might fetch on the real estate market.

While Ryan Lochte’s 2012 Olympic haul includes two gold medals, two silvers and a bronze, it’s not clear whether he’ll be able to save the home from foreclosure. During the swimming competition, Lochte spent downtime in London with both of his parents — at different times.

But Lochte’s mom did clear up one thing about the swimmer: He did not even know about the financial status of the familial home. In an interview with USA Today, Lochte’s mom summed up the situation.

“I just got divorced, and I had lost my job and we’re trying to work it out,” she said.

“I’m sad that the press thinks this is something to do with Ryan. We didn’t discuss this with Ryan or any of my children, really. I would never allow him to help us,” she said.

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