TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

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

No Avatar
16.

Lola    

How does his taking out a loan that he then doesn't pay on make him a victim of a housing collapse, unless a house collapsed and fell on him?

He appears to have just taken out a loan that he now cannot afford. Maybe he's not earning as much money as he foolishly thought he would, but I can't see the relationship to other house sales or people's failing to pay on their mortgages.

Everyone is not a victim. Some are just foolish or made mistakes.

1588 days ago
17.

dr fred    

another idiot, living beyond means.
I have heard of Melon bank now tomato bank? that is funny

but anyways...loser,, he clearly could not afford.

rule of thumb ...in that price range unless you pay cash you cannot afford

1588 days ago
18.

feebee    

He's going DOWN !!

1588 days ago
19.

Suck My Bronze.    

Danny,
You need to ketchup on your payments.

1588 days ago
20.

patty cake    

cult member

1588 days ago
21.

shay    

why isn't your cult helping out? i know u must have given them quite a few bucks~am i right? think about it....

1588 days ago
22.

mcgrapenutts    

TomatoBank is some Asian owned bank. weird name, but legit

1588 days ago
23.

tard    

Where the hell did he think he was going to earn money to pay for the thing. 70s was a one time thing. His brother. Retard.

1588 days ago
24.

richard g    

he owns some property next to my parents house and down on the corner some apartments on kellam aveneue in angelino heights he pretty much neglects the property and his mommy pretty much controls or runs it when tennants call for repairs she ignores....can you say....SLUMLORDS??

1588 days ago
25.

Pam    

OMG, he's a Scientologist AND a slumlord? I have just lost all respect for him. Used to think he was hott!

1588 days ago
26.

NiceGuy    

As Red Forman would say, "DUMB ASS!!!!!!!!!!!"
All kidding aside,he should ask Aston Kutcher for a loan.

1588 days ago
27.
28.

Brute Reynolds    

That reminds me.What's Donny Most up to these days?

1587 days ago
29.

Darlene    

Glad to see the economy isnt just hurting the poor!!!!

1587 days ago
30.

Arn    

maybe poochie-bun has another owner on the side?

1587 days ago
Previous 15 Comments | 1 | 2 | 3 | Most Recent | Next 15 Comments

Around The Web