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Jon and Kate -- Overextended

10/5/2009 4:08 PM PDT 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.

232 COMMENTS

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46.

tb98    

I can't wait for the "tell-all" books - you know they're coming...!!!

...and in a few year's - "Growin' Up Gosselin" by Madi Gosselin

1742 days ago
47.

Ha THE TEACHER was taught a lesson    

what are we going to learn next, that Jon had an online poker habit and now owes money to a loan shark? what a pimpled up ugly wanna be pimp daddy. Hope he loses custody, so he can go live his selfish lifestyle, he obviously only thinks of himself. His ugly self and the skanky Hailey deserve one another.

1742 days ago
48.

Kat    

I am Jon the crybaby. I took the money, because Kate hurt my whittle feelings. I don't have any balls.

1742 days ago
49.

GGG    

I am so sick and tired of Kate crying and whinning to make herself look the victim. Watch the old shows and tell me who the victim really is. TLC - just dropt the show already. This is really pathetic.

1742 days ago
50.

Holly    

Jon is a sociopath who would steal the money out of his own children's bank accounts if he could get away with it. He's looking for revenge because TLC finally took him off the show after he behaved like a moron for months. Now he wants to lash out at the show and Kate by trying to shut the show down and steal Kate's and the children's money. He's a real jerk, and I feel sorry for Kate and the kids. Kate should keep those kids far away from that idiot.

1742 days ago
51.

Kat    

Don't you get it? Kate is responsible for everything that Jon does.

1742 days ago
52.

Nicole    

janalal4,

Agreed. TLC (The Learning Channel) is teaching a good lesson in life. Save money, don't expect the fairytale to last, and stay away from fertility clinics if you don't want more kids than you can afford. Lots of orphaned kids ready for adoption world wide.

Oh and the best lesson TLC taught us: TLC will use you, abuse you, and throw you away for the next big thing. It's Hollywood, after all.

1742 days ago
53.

mm    

Just from watching the show on TLC I saw that it was months from them moving out of that other house before they actually went back and got it ready for sale! What's up with that? And what's up with Kate saying she will work at McDonalds if she has to? Has she forgotten she quit her job as a nurse to stay home with the kids? Anybody can look at her long nails and knows she does absolutely nothing in her own home! Come on J&K. Let's get back to the facts on all this and stop with the mud slinging.

1742 days ago
54.

Tinalouise    

WOW .. IF YOU ARE IN DEBT THEN STOP TANNING, HAVING BODYGUARDS/PERSONAL TRAINERS, MANICURES AND PEDICURES AND GET ANOTHER JOB!!!!!!!

1742 days ago
55.

whateverusay    

FAST FORWARD.... Welfare line.

LAWYERS TAKE ALL.

1742 days ago
56.

orlandojon    

The poster children for planned parenthood

1742 days ago
57.

Jan    

The court should give Kate the house at 2190 Andrew Ave., Elizabethtown, PA. They paid $280k for that house. It is listed at $299k now by Brownstone. Jon and Kate should sell the present estate and all proceeds should go to pay off the mortgage on the Elizabethtown house. Kate could live debt free in that house. Jon should have to pay HUGE child support and have to move out of that overpriced bachelor pad he lives in, in Manhattan. If Kate's new show does well, then Kate can move up to a bigger better home WITHOUT Jon in the future. I know the kids and Kate loved the big house with the pool and land but Jon has blown their money and forced Kate to have to hire more expensive lawyers. Jon is so jealous of Kate's success, he is determined to do all he can to destroy the mother of his 8 children. As Jon told the world, "I despise her." His actions prove he still despises Kate.

1742 days ago
58.

Kat    

Oh yeah, Jon is the victim here>
He steal $230,000 dollars>Kate's fault
He boinks the babysitter>Kate's fault
He purchases all of these expensive cars>Kate's fault
He takes expensive vacations: Saint Tropez, Las Vegas, Hollywood with the little Lolita>Kate's fault
He purchases all those ugly Hardy tee-shirts>Kate's fault
He purchases a swanky New York apartment> Kate's fault
He hangs out with Lohan's father>Kate's fault
He hangs out in strip joints>Kate's fault
He goes to the Ivy>Kate's fault
He boinks several women>Kate's fault
He goes to the baseball game without children>Kate's fault
He shuts down their only source of income>Kate's fault

THIS GUY IS A TRUE WINNER!

1742 days ago
59.

tb98    

Take note - Jon said the kids' money was in a REVOCABLE TRUST - meaning they (Jon & Kate) can get at it anytime they want to...and yes - of course - it would be "for the children".

1742 days ago
60.

itsme    

Kate was apparently all over the morning shows; calling in The View to say she couldn't pay her bills. Lisa Ling got it right, get the show off TV and maybe this divorce and any settlements can go on without the public being privy to each and every detail.

Jon has exhibited some questionable behavior, that's a fact. But Kate's constant comments of she is only doing the show for the children is lame. I think she is enjoying the celebrity that the show has brought her above and beyond Jon & Kate Plus 8.


As for me, this is the last article I will read, have had it with the show, and last interview I will watch. Guess I won't be watching much TV in the way of talk shows, ET, Inside Edition, etc.

1742 days ago
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