patrick.net
An Antidote to Corporate Media
1,263,877 comments by 15,107 users - mell, PeopleUnited, WookieMan online now
invite responseComments 1 - 2 of 2 Search these comments
1
alga
2009 Jun 12, 9:37am
How did he end up owing "more than $824,000" on $515,000 mortgage from 1997, didn't pay anything at all (assuming 5.25% interest rate)?
I don't get it, if that is typical for american household lifestyle, why is this economic reality called "housing bubble", or "subprime crisis" or, "credit crisis"? Should it be called "consumerism crisis" or "sanity crisis" instead?
2
mikey
2009 Jun 12, 11:06am
mikey
2009 Jun 12, 11:06am
I assume he refinanced over and over when the home was worth more during the bubble years. He didn't get rich playing Barney Rubble in the Flintstones sequel and that's the real shocker here.
Stephen Baldwin's foreclosed home to be auctioned   6 hours ago  NEW YORK (AP) — Actor Stephen Baldwin's foreclosed home in the suburbs north of New York City will be publicly auctioned.Baldwin paid $515,000 for the 1.4-acre home in Rockland County in 1997. In 2006, he tried unsuccessfully to sell it.County filings show Baldwin and his wife Kennya defaulted on more than $824,000 in payments to mortgage holder Bankers Trust Co.The auction is set for June 24.A representative for Baldwin couldn't be reached for comment.The actor has starred in movies such as "Bio-Dome" and "The Usual Suspects." Recently, he's appeared on reality television shows "The Celebrity Apprentice" and "I'm a Celebrity...Get Me Out of Here!"          ***Perhaps he should have hired that relentlessly perky quarter pint flip midget Lisa LaPorta from Designed To Sell, that popular semi darling to dwarfs everywhere who happens to look up to everyone she meets,  to give him advice on calibrating paint hue, window curtain coordination, and dust bunny eradication.
#housing