Wednesday, May 18, 2011

Wesley Snipes Scrambling For Cash


Wesley Snipes' tax evasion trial [click here if you missed that] wiped out his liquid assets and now he's desperately trying to refinance his home to keep his family afloat while he serves his time...

From Page Six
Wesley Snipes has been hurting for cash while serving time for tax evasion. The "Blade" star is seeking advice from a lawyer on how to refinance his Alpine, NJ, mansion for $1.6 million, a source tells us. "All of Wesley's bank accounts are wiped out. His four kids have nothing to live on," the source said. Snipes' attorney is said to be reaching out to a mortgage company that would be willing to refinance the house. Sources say the loan would have balloon interest payments that Snipes would have to pay in full when he gets out of jail in 2013. Snipes is working to land an advance on a movie deal, while his lawyer is trying to pin down the income Snipes makes from film and TV residuals and merchandising. Snipes' rep told us, "As you can imagine, it is true that his family is having financial challenges, mainly due to his current situation," but didn't get back to us specifically about the Alpine home.