Nik, Stephen Baldwin will soon be kicked out of his family home in New York following a judge ordering his property to be foreclosed on and sold off at public auction. A devastating blow for the actor who battled it out in court for years attempting to save his pad.
Back in 2013, Deutsche Bank filed a foreclosure lawsuit against Stephen and his wife Kennya accusing them of defaulting on their loan by failing to make payments. Baldwin took out an $812,500 loan to purchase the Upper Grandview, NY home back in 2000. The deal stated the couple were to pay nearly $7k a month on the mortgage.
The bank explained the actor stopped paying his mortgage in 2011 and at the time of the filing he owed a total of $781,991.02 on the loan. The lawsuit has been pending for years with Stephen never filing a response to the allegations in the complaint.
Back in June, the bank headed back to court demanding the case move forward after Stephen blew off the lawsuit completely. Deutsche Bank pleaded for the green light to begin the foreclosure process and demanding the actor be ordered to pay the current debt owed on the mortgage which totals $1,097,644.33 plus interest.
On December 21st, the judge came back with his final decision in the case and ordered Baldwin’s home to be foreclosed on and sold off at public auction — ordering the actor and his family to vacate the property in the near future. The judge explains the bank has satisfied all requirements they needed to prove their case.
The order states the home will be sold at public auction at the Rockland County Courthouse with the sale profits going towards the $1,097,644.33 debt that Baldwin owes the bank.
The actor has had a string of financial troubles over the years — most notably being charged with failing to file his New York state tax returns for multiple years back in 2012. He eventually plead guilty in the case and agreed to pay back $300k in back taxes and serve 5 years’ probation… narrowly avoiding jail time.