Foreclosure News. Star Stephen Baldwin’s Foreclosed Home Going Under The Hammer

The youngest of the Baldwin brothers’ New York foreclosed home is being put up for public auction while he is participating in the reality show “I’m a Celebrity… Get me Out of Here!”

The 43-year-old actor and his wife Kennya paid $515,000 for their 1.4-acre home in Rockland County in 1997. The couple tried to sell it in 2006, but failed. They reportedly defaulted on more than $824,000 in payments to mortgage holder Bankers Trust Co.

They also owe National City Bank for a separate mortgage and may owe thousands of unpaid state and federal taxes on the property, LoHud.com reports.

Their Old Mountain Road home will be going under the hammer on June 24 at Rockland County Court.

Stephen is a contestant on the NBC reality show, which is currently filming in Costa Rica.

Source: allheadlinenews

This entry was posted on Monday, June 15th, 2009 at 8:16 pm and is filed under Real Estate Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.