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Danny Masterson

Sued Over Pricey Condo

3/18/2010 7:49 PM PDT BY TMZ STAFF

Danny Masterson Danny Masterson from "That 70s Show" is now an official victim of the housing collapse -- he's being sued for nearly $3 mil over a condo deal gone very bad.

Danny took out an astounding $3.2 million loan for construction of a condo unit in Los Angeles -- maybe that sounded like a bargain back in 2007.

Anyway ... the housing market imploded and Danny allegedly stopped making payments.

So TomatoBank has sued him in L.A. County Superior Court for the balance -- $2,911,586.11, plus interest.

Danny's rep says the filing is "nonsense" and "has no merit" and says the bank "breached their loan agreement with Danny and his partners."

31 COMMENTS

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1.

suzyh    

I'm sorry... but TOMATOBANK? WTH??? ROFL!

1493 days ago
2.

billy barty    

HEYWHATSIT?!?!?!

1495 days ago
3.

Steve    

He should have got a loan through Zucchini Bank.

1495 days ago
4.

billy barty    

HEYWHATSIT?@!?!?!

1495 days ago
5.

jandean61    

"TomatoBank" LoL!

1495 days ago
6.

Worried    

He'll just get Scientology to fight his battles.

1495 days ago
7.

ABB    

What in the name of flying f is tomatobank?

1495 days ago
8.

jeff    

Maybe $cientology will bail him out.
Yeah sure, he'll probably have to pay for even more auditing!

1495 days ago
9.

Maffusse    

Let's pap Harvey and his know it all cynic dreadhead.
I'd rather the blonde dishrag sell me what he's smoking instead of reporting this crap.

1495 days ago
10.

Pat    

Anyone who takes a loan out with some place called "Tomatobank" deserves to go bankrupt lol.

1495 days ago
11.

Beau    

Xenu will save him

1494 days ago
12.

Marketing $ociologist    

"Masterson frequently DJs at Los Angeles night clubs under the name DJ Mom Jeans, formerly DJ Donkey Punch" according to Wikipedia. Hard to make those home payments when your career is less relevant than Gary Burghoff.

1494 days ago
13.

Louis Wolford    

Isn't that SUMITOMO BANK guys?

1494 days ago
14.

two cents    

He must not have gone for his auditing sessions. Better ask cult leader Tom Cruise for an advance. lol Karma babydoll. Karma.

1494 days ago
15.

LeRoy    

He's screwed!

1494 days ago
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