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Kate Walsh Divorce -- House Is a Big Zero

4/29/2009 1:28 PM PDT BY TMZ STAFF

Here's the house that has triggered the epic fight in the divorce between Kate Walsh and Alex Young. Alex wants to know how much money he should get from the property. But here's the deal -- they bought it for $4.95 mil in 2007 -- but It's now only worth an estimated $3.6 mil. So according to our math, Alex is SOL.



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By the way ... Kate put down the lion's share of the down payment and he left her with the mortgage and the bills.

22 COMMENTS

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1.

g-dawg    

who cares about kate walsh?????

1981 days ago
2.

Sono    

I don't even know who these two are, but i'm rooting for Alex simply b/c ALL MEN GET SCREWED IN DIVORCE HEARINGS. Damn you women...

1981 days ago
3.

deleta    

Why is it leaning?

1981 days ago
4.

A    

This sounds like one of those FML blog posts.

1981 days ago
5.

layanah    

It's the new home of Rihanna!!

1981 days ago
6.

Joanne    

What a beautiful house. I always wondered why such a small amount of people (2) buy such a big house..Oh, well..

1981 days ago
7.

someone    

LOL. Alex is a idiot. Go Kate!

1981 days ago
8.

Peckboy    

thanks again for the unbiased reporting, TMZ! Does Laura Wasser actually have a direct access to the website? Can she just publish stories right from her desk or do she and Harvey have a secret bat phone? Keep spinning, Laura...

1981 days ago
9.

Reine    

Maybe he's bitter because she was more interested in her co-worker, who was her love interest & liked to party with her co-workers instead of going home. If this is true, that's why he's bitter.

1981 days ago
10.

Sharon    

They were married when they bought the house in '07? If no prenup, California law says they split 50/50. If she's living in the house, paying the mortgage payment, 50/50 up to the date they separated. If they have equity in the house in a down market, he gets half of what the house if worth now. If no equity they both take a loss if sold to someone else.

1981 days ago
11.

QE2    

He is not SOL, she is. She is the one losing her downpayment.

1981 days ago
12.

QE2    

#14 Sharon, it sounds as if you have legal experience.

If she has other assets--like stocks or other property--that have decliined over the 14 months of their marriage, does he own half of those losses is sold? Just wondering.

1981 days ago
13.

UptownRazorback    

Posted at 1:09PM on Apr 29th 2009 by deleta

The house is on a hill and the photographer didn't adjust his camera when he took the picture of the house. The house itself is not leaning. The house is on Notthingham Road in Los Feliz,CA. If you are a fan of Flipping Out on Bravo, the nice white Spanish Hacenida Jeff and Ryan we renovating in the first season is located on this street. One of the best in town.

1981 days ago
14.

bntrbl    

I'm avalible kate.

1979 days ago

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