Hulk Hogan's Shocking Financial Woes: $2Million Mortgage, Wage Garnishment Threat, and Legal Battles Before his Untimely Death at 71
Hulk Hogan was dealing with plenty of issues before his death.
July 30 2025, Published 1:45 p.m. ET
Hulk Hogan's death has now put his dire financial status in the limelight, as the WWE legend is believed to have taken out a $2million mortgage on the same Clearwater, Florida, mansion where he suffered his fatal cardiac arrest, RadarOnline.com can reveal.
The former wrestler appeared to have mounting debt and even legal battles before his tragic death on July 24.
Million-Dollar Mortgage
Hogan took out a $2million mortgage on his Florida mansion before his death.
Hogan, real name Terry Gene Bollea, had decided to mortgage his home in November 2023, after purchasing the residence for $3.3million in 2012. The Hall of Famer's new wife, Sky Daily, whom he had only married the month before, was named on the $2million 30-year home loan. However, she is listed as a non-borrowing spouse.
"This mortgage is under a company which is under his trust," Florida estate expert June Frederiksen explained in an interview. Hogan had promised to repay JP Morgan Chase by 2053.
Not only was Hogan knee-deep in possible money issues, he also had a major lawsuit against him stemming from a 2023 contract with a pool company, after he hired the company, which took out a permit to install a pool and jacuzzi on his property in January. However, he was then dragged into a lawsuit against the pool company by another homeowner, who claimed the company owed them money for work they did not complete.
The company responded to the lawsuit but claimed they were unable to pay the homeowner their money back because Hogan still owed an outstanding debt that they needed to collect first.
Ex-Wife Drama
The retired wrestler was also still fighting it out with his ex-wife, Linda, in court.
A notice attached to the writ of garnishment explained: "The writ of Garnishment delivered to you with this notice means that wages, money, and other property belonging to you have been garnished to pay a court judgment against you."
The former athlete, through his lawyers, denied the allegations, claiming he owed the company no money.
Hogan's headaches continued to stack up while alive, as he was also embroiled in a lengthy court battle with his ex-wife, Linda, which started with their divorce filing in 2007.
The exes battled it out over Hogan's brand, with Linda demanding a bigger piece of his legacy.
The WWE legend was married to his third wife, Sky Daily, when he suffered a fatal cardiac arrest.
In the most recent publicly available filing in that case, from February 2023, Linda argued that she helped build her ex-husband's brand and Hulkamania, and she should therefore receive a portion of the proceeds from his appearances as his famous WWE character. Two months later, a Supplemental Final Judgment was entered in that case, although it is unclear whether the judgment favored Hogan or Linda, as the filing was made under seal.
Hogan's third wife, Daily, now stands to inherit 30 percent of his estate under Florida law, which includes his extensive assets: an $11.5million mansion, investments, and various business ventures, regardless of whether he updated his will or not.
On July 24, following a 911 call, police told RadarOnline.com in a statement of Hogan's death: "Clearwater Fire Department and Clearwater Police Department personnel responded to a medical call at 9:51 a.m. today in the 1000 block of Eldorado Avenue on Clearwater Beach.
"The nature of the call was for a cardiac arrest. A 71-year-old resident, Terry Bollea, also known as Hulk Hogan, was treated by Clearwater Fire & Rescue crews before being taken by Sunstar to Morton Plant Hospital, where he was pronounced deceased."
Hogan's Final Moment
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The 71-year-old was seen with a group of paramedics at his mansion, as they rushed him to the hospital.
A heartbreaking video taken outside Hogan's mansion revealed a group of paramedics transporting him to an ambulance. In the clip, a large group of first responders was seen crowded around a stretcher carrying Hogan as medics frantically performed chest compressions.
Following his death, Hogan's only son, Nick, praised his stepmom on Instagram, and said: "I really appreciate everything you did for my father and are doing for all of us at this time."
At the moment, it is unclear what the details of Hogan's funeral are, as the family is said to be duking it out over what ex-wrestler should wear.
