Actor Stephen Baldwin has been on TV braving the Costa Rican jungle and Speidi in "I'm a Celebrity - Get Me Out of Here!" but he's facing some drama on the homefront too. Baldwin's home in Upper Grandview, New York will be put up for public auction on June 24 at Rockland County Court. Baldwin and his wife, Kennya, defaulted on paying $824,488.36 to mortgage holder Bankers Trust Co.
Baldwin bought the home for $515,000 back in 1997 and restored it. He had it on the
market in 2006 for $3.4 million but took it off the market when it failed to sell. At the time it was said that Baldwin put his house on the market because of his frustration with a sex shop that had opened in his neighborhood but Page Six said that the real reason the born-again Christian put the home one the market was because he was in need of cash and owed back taxes. The sex shop changed plans after facing public pressure led by Baldwin.
LoHud.com reports that Bankers Trust will receive the first $824,488.36 brought in by the auction, followed by National City and taxing agencies, according to the county foreclosure papers, which were filed in late April. Listing pics from back in 2006 are in the gallery below.
[via
Perez Hilton]
UPDATE:
Baldwin's rep told People that the situation will be resolved and no auction will take place.
Last month we learned that Stephen Baldwin was facing foreclosure on his New York home. This week, he filed for Chapter 11 bankruptcy which has temporarily saved the home from auction. Baldwin, who has been appearing on reality TV shows of late, claims more than $2.3 million in debt. He owes around $1.9 million on two mortgages on the property (which is listed as being worth $1.1 million) as well as more than $1 million in taxes and credit card debt of over $70,000. Baldwin's debt is dwarfed by some of the other big bankruptcies we've seen lately including Bernie Kosar ($19.5 million) and Lenny Dykstra (estimated at as much as $50 million).
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