Now a second Cosby townhouse in New York is in foreclosure and also listed for sale...
From Realtor
Beleaguered Hollywood star Bill Cosby has quietly put the second of his two New York City townhouses on the market for $29 million—eight months after he was accused of defaulting on a $17.5 million loan taken out against the property.
Cosby, 88, listed the seven-story, six-bedroom townhouse on East 71st Street on Sept. 14, having already listed a second property on East 61st Street for $7 million back in April. The price on his second New York home was slashed to $6.75 million in July.
The actor and former TV host has allegedly defaulted on loans that were taken out against both properties, per his lenders.
In a lawsuit filed with the Manhattan Supreme Court on Dec. 31, Cosby's lender on the 71st Street property, First Foundation Bank, sought to force the sale of the lavish abode to recoup at least some of the money that its lawyers say the actor has failed to repay.
As first reported by Our Town, the $17.5 million figure cited in those documents comes from two loans taken out on the home: a $12.25 million loan in 2010 and a $5.25 million loan in 2014.
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