DonJohnson

Don Johnson Saves His Ranch

Filed under: Estates, Celebrity Shopping

Once again actor Don Johnson has saved his house from foreclosure. Johnson managed to find $14.5 million and so his Colorado ranch, which would have been sold yesterday, is now safe. The money made it to the Pitkin County's public trustee's office on Monday. The money was then wired to the bank. Johnson also had to pay $544,584 in interest and $7,175 in attorneys' fees. Given that a similar situation happened to Johnson in 2004, I fully expect to be writing up a similar story in 2008.

Source

Tags: celebrity, colorado, don johnson, DonJohnson, real estate

Will Don Johnson's Ranch Be Sold At Foreclosure?

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

A quick update on a story we have been following. Don Johnson's real estate woes are becoming more solidified. Unless the actor manages to find a quick $14.3 million, his Woody Creek estate in Colorado will be sold by the Pitkin County public trustee. Lenders filed a motion to let the force the sale and a magistrate has ordered the sale because Johnson hasn't been paying off a $10.6 million note. Johnson's main estate is to be sold April 26 and an adjacent property with a guest house will be sold May 10. Johnson managed to get himself out of a similar scrape in 2004 when he obtained new financing for the house and his publicist has said that this will happen again.

Source

Tags: don johnson, DonJohnson, foreclosure, gossip, real estate, real estate news

Lenders Want Don Johnson To Sell His Ranch

by Deidre Woollard (RSS feed) —

Filed under: Estates

Real estate woes for actor Don Johnson. A New-York-based lending company has filed a motion to sell Johnson's 17-acre Woody Creek Colorado ranch because he hasn't paid on a $10.6 million note. Johnson's publicist has said that the filing will be withdrawn. In 2004, Johnson put the ranch on the market for $21 million and then refinanced it in order to pay off a variety of creditors including a local liquor store, drug store and Aspen Valley Hospital.

Source

Tags: colorado, don johnson, DonJohnson, real estate, woody creek