Posted to Relevant News
by Jill Brooke on Mon, 08/18/2008 - 11:10pm
Hulk Hogan's wrestling days may be behind him, but as E! News so aptly stated, he can still avoid being pinned.
Judge George W. Greer of Florida released the pro wrestler from a commitment to purchase a $4.2 million Las Vegas condo, a property he agreed to buy with estranged wife Linda Bollea back in 2005.
The commitment on the condo, in a sinking Las Vegas real estate market, has been a sticking point in their ongoing legal dealings, with Bollea just last month seeking to get her ex held in contempt of court and jailed for failing to pony up his share of the condo’s purchase price.
Her Miami lawyer, A.J. Barranco, Jr., said that the condo would be a good investment, even if other condo values have gone down, because Linda Bollea believes that their properties sell at a premium.
And if they walk away from the condo, they stand to lose much of their $840,000 down payment.
For Bollea and Hogan, divorce has become a spectator sport, and an example of what not to do. Some observers believe that it will be more than a year before the divorce is final. The divorce was started in 2007.
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