Records show SunTrust Bank filed papers against the California resident with Lake County courts earlier this week.
According to documents, Tucker bought the 10,000-square-foot lakefront home for $6 million in 2007 - before the housing market crashed. The bank claims he still owes more than $4.4 million, but the county property appraiser has the home currently assessed at $1.6 million.
The Orlando Sentinel reports that the house is located in the Bella Collina development, a 1,900-acre community overlooking lakes and a championship golf course.
Calls placed by The Associated Press to Tucker's Hollywood representatives seeking comment were not returned as of late Thursday night.
Tucker is best known for staring alongside Jackie Chan in three "Rush Hour" films. Other credits include "Friday," "Money Talks" and "The Fifth Element."