David Duval, Former World No.1 Ranked Golfer, Faces Foreclosure of Colorado MansionWhen David Duval shot a 59 at the Bob Hope Chrysler Classic in April 1999 to win the tournament on the final hole and vault to the No. 1 spot in the Official World Golf Rankings, he was on top of the world.

In July 2012? Not so much.

The former 2001 British Open champion has won nearly $19 million over the course of his career — not including endorsements — yet apparently finds himself in a bit of financial trouble, and is facing the foreclosure of his Cherry Hills Village, Colorado mansion.

Beginning around 2002, after his Open win at Royal Lytham & St Annes Golf Club — the last time the tournament was held at the course before this year — Duval suffered a precipitous decline in performance. Reasons for the drop-off ranged between everything from injuries to a new marriage, but despite finishing tied for second at the 2009 US Open, Duval hasn't won a tournament since 2001.

According to documents obtained by TMZ, Duval and his wife took out a $5.9 million loan to help pay for their $12.35 million home, but Duval has failed to make  payments recently. If the golfer is unable to settle his debts, the house will go up for public auction on November 7.

Once one of the only legitimate rivals to Tiger Woods over the years, Duval has only made only one cut in eight tournaments in the 2012 PGA Tour season.

Photo via Facebook/David Duval