Home : TV, Jon & Kate, Exclusives : Jon and Kate -- Overextended

Jon and Kate -- Overextended

Posted Oct 5th 2009 3:08PM by TMZ Staff

We're told Jon & Kate Gosselin aren't living hand to mouth, but the $200,000 account that Jon raided was the only real source of living income.

Kate Gosselin, Jon Gosselin

There's a report out that the couple is saddled with a $720,000 mortgage on their $1.12 million house. There was talk that TLC bought the house for them outright but we've learned that is not true. TLC paid them a salary and that's it.

We're told Jon and Kate have established a trust fund for their kids and it's well into the 6 figures, but they have significant debt. They still haven't been able to sell their first house and they owe a mortgage on it.

The reality is ..."Jon & Kate Plus 8" is good for the 8 but Jon and Kate are kinda strapped.

More Jon & Kate



Tags: house, jon and kate, jon gosselin, jon kate plus 8, JonAndKate, JonGosselin, JonKatePlus8, kate gosselin, KateGosselin, mortgage, tlc

Comments [232]
SHARE |
4ie6

Relevant Posts

Reader Comments

(Page 1 of 16) | 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

1. this story just goes from sad to worse everytime i read something
they need to stop!
where they not thinking when they went ahead with the invitro??

Posted at 3:12PM on Oct 5th 2009 by lila

2. It is true then that Kate puts the kids first. Good for her. That John needs to be an EX stat!

Posted at 3:12PM on Oct 5th 2009 by megn

3. Damn, I just can't seem to feel sorry for them.

Posted at 3:13PM on Oct 5th 2009 by Al

4. 1st

Posted at 3:12PM on Oct 5th 2009 by Eric

5. Boring and cheesy couple polluting earth even more.

Posted at 3:13PM on Oct 5th 2009 by Foot Fetish

6. F U Jon and Kate!!!!

Posted at 3:12PM on Oct 5th 2009 by goaway

7. If Jon could get away with it, he would take his children's money too. This guy is a scumbag and a sociopath.

Posted at 3:13PM on Oct 5th 2009 by Holly

8. And Jon looks kinda "special" if you know what i mean.

Posted at 3:14PM on Oct 5th 2009 by Foot Fetish

9. Hey Jon, why are you so stupid as to cut off your only means of income. Are you really that dumb? I thought you only had work done on your hair...I didn't know you were also lobotomized?
Are you seriously brain-dead? I know that Kate gets her own show, but you could get something out of TLC since you're still on contract with them. You're such a dolt. God, there are no words for a meat-head like you.You Lawyer needs to finish Elementary school from the sound of things also.
You know what they say..You are the company you keep.

Posted at 3:14PM on Oct 5th 2009 by maria

10. They wanted to act and live like they were important and they're not. Kate, stop with the water works every time something happens - nobody is buying it. Go back to nursing - get a job and stop trying to act like you are somebody. You are a shrew - that's it.

Posted at 3:16PM on Oct 5th 2009 by JO

11. Dispite Jon and Kate's flaw's, they were ripped off'd by TLC, which made about 150 million dollars from exploiting the children. Their privacy will be gone forever.

I think the public should presure TLC into setting up a multi-million dollar trust for the kids.

Posted at 3:16PM on Oct 5th 2009 by Paparazzo@frog.cc

12. If Jon could get away with it, he would take his children's money too. He is a scumbag and a sociopath. I wouldn't even let him near those kids without supervision.

Posted at 3:15PM on Oct 5th 2009 by Holly

13. Maybe what really got overextened is their 15 minutes of fame.

Posted at 3:16PM on Oct 5th 2009 by Shame on you

14. Would someone PLEASE organize an intervention on Jon "Pimp Daddy" Gosselin STAT!? It has become painfully obvious the man is in epic self destruct mode. He drains the family living expenses account immediately following depriving his former spouse of her livelihood, he bad mouths her at every turn despite the eventuality of his children seeing his tirades, he moves 2 hours away from his 8 kids, shacks up with a barely post pubescent party girl, purchases a $100,000.00 sports car and a bachelor pad apartment... the man is mentally ill. Clinically, mentally ill. Why aren't his friends and family doing something to stop him? Mark my words - if Jon doesn't get some serious help soon, he'll be dead within a year. By his own hand.

Posted at 3:17PM on Oct 5th 2009 by Kikki

15. Hey wake up TMZ! That $200K+ was taken over the course of 2 months, PLUS Kate has other bank accounts & has been siphoning off money all along. J & K have 11 bank accounts between the two of them. Read The Insider interview with Jon ... this story has been all Kate, all the time - she is an idiot.

Well, so's he, but for her to go on Today & call in to The View & cry big crocodile tears, saying that she'll work at McDonald's, blah blah blah - she's a registered nurse, for pete's sake! What a phony ...

Posted at 3:17PM on Oct 5th 2009 by zuzu

| 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.