Stephen Baldwin is perhaps the latest Hollywood celebrity to fall into foreclosure trouble, according to an Associated Press report.
Court records indicate that the recently ousted contestant on NBCs, “I’m a Celebrity … Get Me Out of Here!” reality television program and his wife, Kennya, have defaulted on more than $824,000 in mortgage payments to their lender, Bankers Trust Co.
As a result, their 1.4-acre Old Mountain Road home in Rockland County, N.Y., which the couple purchased for $515,000 in 1997, is scheduled to go up for public auction on June 24, 2009.
The good news is that Brad Taylor, Baldwin’s representative, told People.com shortly after the report surfaced that the family will more than likely not lose the home to foreclosure when all is said and done.
Here’s a snip:
“Stephen is presently going through a legal situation regarding his mortgage and that situation is still in process. No auction will be happening and all things related to this matter are being handled by his legal representation.”
Baldwin, 43, is the youngest of the famous Baldwin brothers. The actor is perhaps more well known for his recent exploits on the reality television circuit rather than his roles on the silver screen, appearing in “Celebrity Mole Hawaii,” “Ty Murray’s Celebrity Bull Riding Challenge” and “Celebrity Apprentice.”
We’ll be sure to keep you posted on the status of Baldwin’s developing foreclosure situation. In the meantime, check out several other celebrity foreclosure-related stories in our archive right here.
[...] more on background on Baldwin’s bankruptcy and potential foreclosure action click here. To learn more about “The Restoration of Stephen Baldwin” click [...]