NEWSStephen Baldwin Loses Home To Foreclosure
June 12 2009, Published 10:48 a.m. ET
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Apparently nobody is safe from the recession. Not even the Baldwin Brothers.
It seems that Stephen Baldwin's home in New York is being foreclosed on and is due to be auctioned off.
According to AP, the I'm A Celebrity... competitor paid $515,000 for the pad in Rockland County, NY, in 1997 and he tried to sell it in 2006.
But he and wife Kennya have defaulted on more than $824,000 in payments to Bankers Trust Co. are are now losing the property, which will be sold to the highest bidder on June 24.
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So is this the real reason he moved to the jungle?
