Perhaps the most recognizable celebrity to emerge from South Florida, Burt Reynolds, is in danger of losing his 4-acre compound in Hobe Sound to foreclosure.

WPTV.com reports today that the 75-year-old actor has not paid his mortgage since Sept. 2010 and owes $1.2 million on a luxurious slice of coastal waterfront real estate that he has in the past referred to as his very own “Valhalla,” which is a majestic mythological paradise.

The San Francisco Chronicle details more about its many amenities:

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Retired Major League Baseball (MLB) pitcher John Smoltz has an outstanding $1.6 million balance on a vacant piece of property in the Snake River Sporting Club, which is located in Jackson Hole, Wyoming.

If the former eight-time All Star and one-time Cy Young Award-winner doesn’t reconcile the debt with his lender the property will be put up for public auction in a foreclosure sale on Aug. 23, 2011, according to Jackson Hole Daily.

It’s possible that Smoltz, who now serves as a color commentator for the Atlanta Braves, the team that he spent two decades as a starting pitcher and closer, simply walked away from the investment. Snake River Sporting Club was described as “troubled” and has been embroiled in a bankruptcy case since 2004.

Smoltz retired from baseball in 2009. He is the only pitcher in the long, distinguished history of the sport to record more than 200 wins and 150 saves in a single career.

The childhood home of Sen. John McCain’s wife, a three-acre spread in Phoenix, Ariz., is in default and headed to the foreclosure auction block on Aug. 15, 2011, according to The Arizona Republic.

It’s currently listed for $3 million in a short sale situation, which is $200,000 less than the new owner, an investor, paid the McCain’s for it back in 2006. However, the investor apparently sunk more money into the mansion, running the final bill up to $4.5 million.

The new renovations covered several upgrades, including an additional 4,000 sq. ft. of space. The home, which is where the McCain’s raised their children, boasts 11 bedrooms, 13 bathrooms, a “chef’s kitchen” and several outdoor bars, among other luxurious amenities.

McCain, who made an unsuccessful bid for President of the United States in 2008, moved to a penthouse “near 24th Street and Camelback Road” shortly before unloading their family home years ago. There is no telling if the couple would look to buy it back rather than see it go through the auction process.

Stay tuned.

Three-time Grammy Award-winning singer-songwriter R. Kelly has not paid the mortgage on his 11,140 sq. ft. mansion in Olympia Fields, Ill., in more than one year, according to ChicagoRealEstateDaily.com.

As a result, J.P. Morgan Chase has filed a foreclosure notice on the luxurious two-story home, which “sits behind an imposing gate on a 3.7-acre site” and “features six full bathrooms, seven half-baths and a four-car garage,” among many other amenities.

Kelly, who purchased the south suburban Chicago estate more than a decade ago, has to get current on the $2.9 million outstanding balance or risk having it repossessed by the lender. Its current appraised value is estimated to be $3.5 million.

The report indicates that Kelly has not lived at the home for more than a year and made a deliberate “strategic default’ decision, hoping to trigger a loan modification by defaulting on the loan. It doesn’t appear, at least for now, that a loan modification is in the works for the “I Believe I Can Fly” crooner.

Throughout his career, Kelly has amassed an impressive library of hits as a singer, as well as a record producer. He should be, by no means, strapped for cash. However, the 44-year-old has also had high-profile legal battles along the way, including several charges of child pornography.

Then again, perhaps he’s just not interested in throwing good money after bad on a home that he no longer wants.

Carnie Wilson, one-third of the popular Wilson Phillips vocal group, is in danger of losing her home in Los Angeles, Calif., to foreclosure, according to TMZ.com.

The report indicates that Wilson is owes her lender more than $1.6 million on the property, as well as late fees and penalties for missed payments. And if she can’t get current or work out a deal, her house will head to public auction as soon as July 21, 2011.

Wilson has responded to the report, saying that the home is “in a short sale situation” and that everything “is so great with [her] family and [her] life.” So great, in fact, that they have already moved into a new place, according to Zap2It.com.

During her time with Wilson Phillips in the early 1990s, she sold more than 12 million albums, which included three number one singles songs. Wilson, who recently made a cameo appearance in the blockbuster “Bridesmaids” film, is married with two children.

She appeared on the “Celebrity Fit Club” in 2006, hoping to overcome her lifelong battle with obesity once and for all. Wilson managed to lose more than 20 pounds on the show, but gained it back shortly thereafter.

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