Joe Francis went from the big house to a really big Bel Air house that he could now lose because of a gambling debt.
TMZ has obtained legal documents, asking the California courts to honor a judgment Las Vegas mogul Steve Wynn obtained against Francis a few months back in a Nevada court.
Francis stiffed Wynn to the tune of $2 million by refusing to pay back a gambling marker. That judgment has swelled to $2,942,272.50 -- that accounts for 18% interest on the debt -- which Joe incurred 2 1/2 years ago.
Wynn's lawyers want California to honor the judgment, so they can go after Francis' California assets, which include a Bel Air mansion.
As for Joe's reaction ... He tells us "I was told this matter had been settled by my attorney and I'm currently looking into it."
Francis' Bad Gamble
Could Cost Him His Home
9/30/2009 9:45 PM PDT BY TMZ STAFF
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