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.
14 comments:
Dang Bill. You have fallen hard after your $exu@l law suits. LOLO
Bill and Camille down bad. I remember when their daughter Evin said she couldn't relate to poor black people. Well get ready sister.
Bill and Camille probably just letting go property that was in their portfolio. They are not broke.
Not a good look.
The should have sold before the values dropped and kept paying in the meanwhile. This is not a good look.
This dude is closer to 90 than 60, half blind, probably senile and got one foot in the grave. If I were in his shoes I wouldn't care about defaulting on shat. Let the vultures fight when I'm gone.
The perspective sale is probably being sabotaged so that White folks can get their hands on it for nothing and continue squeezing Bill dry. I can just imagine the real estate agent telling every interested buyer that the property belongs to Bill Cosby.
This is an example of how generational wealth is lost. If they have kids they should care about defaulting.
I believe they have several adult children. Cosby been in the game over five decades so if he didn't secure their generational wealth by some other means other than real estate by now, he's a bigger fool than I thought. This man was trying to buy a whole media outlet at one point for crying out loud. Give me a break.
The Cosby's are very intelligent people. I am sure they have things worked out. A selling of homes doesn't always equate to someone being broke. They are too old to be keeping up with all of those homes and such anyway. Good grief *smh*
Downsizing, looks like to me to purchase smaller property in another state. Big Fat Nothing Burger!
Foreclosure is signs of not having enough money to support your lifestyle.
They may not be brok but they aren't rolling in cash flow either.
Ever since his buddy Hugh Hefner died life has been hard for the raping Bill.
Wow! One of their daughters didn’t want the property? It is NYC after all. But then again, maybe the taxes are too much to upkeep with their own homes.
The comments on here claiming the cosbys are not broke!
That’s a laugh, if he wasn’t broke he wouldn’t have defaulted on two loans which forced the sale of the two homes.
Did any of you even read the article?
His legal fees and lawsuits have drained him and no one wants to see him perform so there’s that.
He never set up a “just in case” fund for his retirement. He thought the whites loved him so much he could just coast along forever. He hung out with them just like J and Bey. His ride is over.
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