Evander Holyfield?has faced foreclosure of his Fayetteville home several times in the past but unfortunately this time the former heavyweight champion couldn’t fight off his mortgage company.

Holyfield, who just last month was sued by one of his baby mamas for over $300,000 in back child support was spotted loading up the moving vans in front of his Atlanta mansion earlier today after the home was sold on the steps of the courthouse in a foreclosure auction.

Details + photos below…

According to?TMZ,?Evander apparently failed to strike a deal with the bank on his past due mortgage so he’s packing up and headed to an undisclosed location.

Holyfield owed over $14 million on the 54,000 square foot mega-mansion which was recently?sold at a foreclosure auction?for $7.5 million.

After the sale, the bank that purchased the home allowed Evander to continue to live there temporarily … but judging by the moving trucks lined up at his front door … it seems he’s finally worn out his welcome.

We’re told the trucks spent several hours at the mansion — though it’s unclear where the movers are taking E.H.’s stuff.

Holyfield obviously has some major financial problems — besides the foreclosure, he owes a ton of cash in unpaid federal taxes … plus, he’s up to his mangled ears in back child support payments.

Some of you athletes and entertainers better take notes! Those millions you have now certainly won’t last long if you spend friviously and have a gazillion baby mamas.

It was just 20 years ago that Holyfield was said to be the highest paid boxer (at that time) earning over $30 million to fight Mike Tyson. The fight has been credited as the top grossing pay-per-view boxing event of all time, with 1.59 million ppv purchases.

[READ: Boxing Biggest PPV’s of All Time (With Video)]

It was all down hill from there. With a series of financial difficulties stemming from bad money management and personal issues like divorce and child support, Holyfield’s cash flow quickly dried up. His net worth is reportedly only about a million or so as of 2012.

Pour out a lil liquor for Evander Holyfield’s mansion.

Are you surprised at how often athletes mismanage their fortunes??

FULL PHOTO GALLERY