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Lindsay Lohan

Bailed Mama

Out of Foreclosure

10/11/2012 7:00 AM PDT BY TMZ STAFF
EXCLUSIVE

1010_dina_lindsay_tmz
Lindsay Lohan
was telling the truth when she said her mom was on the verge of losing her house ...and Dina Lohan is not out of the woods yet ... TMZ has learned.

According to court docs obtained by TMZ ... JPMorgan Chase Bank filed documents in 2010 to foreclose on Dina's Long Island home because she had fallen behind on payments.

Now here's where it gets interesting ...The bank and Dina cut some sort of deal in which mama Lohan agreed to a new payment agreement that would prevent her home from going on the auction block.

Sources close to Lindsay tell us ... Dina didn't ante up on her own -- she got money from Lindsay to make the payments. 

We're told Lindsay made payments that helped Dina dig out of the hole, but recently she fell behind again and Lindsay had to give her MORE bailout money -- $40,000.  And that's the 40 grand that Lindsay and her mom were arguing over when things erupted in the limo early Wednesday.

One final thing.  We're told Dina withdrew lots of other money from the Bank of Lindsay, including money to help pay for her kid brother's tuition.

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308 COMMENTS

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16.

SmittenKitten    

See? and everyone keeps talking smack about Lilo being a hooker..... it pays the bills up in here!!! All together now.....thaaanks domingooo..

658 days ago
17.

Jordan    

This is a Question for the Presidential Canidates? When the Bank of Lindsay runs out of Money will you provide federal funds to save it or let it go bankrupt. Keep in mind there are Jobs at stake not many maybe 5-6 at the most a house a kids education,

658 days ago
18.

SmittenKitten    

I wonder when Linds is gonna make some payments to Uncle Sam! The IRS will only wait so long......

658 days ago
19.

loyalfan    

My heart goes out to that poor girl. She doesn't stand a chance. WHen has she ever just been the child? She has been the breadwinner, the peacemaker, the cash cow. Who takes care of her? At this point, she has learned that there is NO ONE she can depend on... no wonder she is so messed up. She breaks my heart...

658 days ago
20.

Diamond Goddess!    

You know, as Truly Tired as I am of the entire Blohan fam, I do kind of feel sorry for Lindsay.
She started out with stuff going for her, and is now turning into her mom!!! Nothing but leeches around her.

(BTW--I called it years ago.)

658 days ago
21.

The Real JJ    

The whole family is nutty. Lindsay can't trust either parent because one trying to prove hes not the bad guy and record everything and the other is taking her money. Sucks for Lindsay.

658 days ago
22.

Janis    

Was Dad recording this, and then sold it?

658 days ago
23.

Reg    

Sad thing about that pic is that Lindsay looks older than her mother.

658 days ago
24.

Jordan    

I was thinking about opening up a new checking account does the Bank of Lindsay offer free checking and does the bank refund ATM FEES,

658 days ago
25.

Jordan    

IS the Bank Of Lindsay insured by the FDIC?

658 days ago
26.

Jordan    

How much Intrest does the Bank of Lindsay charge for Student Loans?

658 days ago
27.

ACE DEUCEY    

Can we please send a Terminator back in time to kill the casting agent of THE PARENT TRAP, so Lindsay won't get her big break and the world will be rid of the Lohans?

658 days ago
28.

Jordan    

Does the Bank of Lindsay have a Trust department and if so who runs it Michael Lohan?

658 days ago
29.

Jordan    

How much of the Federal Deficit was used to bail out the Bank of Lindsay?

658 days ago
30.

Jordan    

Jamie Diamond at JP Morgan is under congressional scrutny to step down as CEO is one of the bad investments JP Morgan made that made the company loose up to 7 biillion dollars the bad mortgage of Dina Lohan and did JP Morgan try and Bail out the Bank Of Lindsay at anytime?

658 days ago
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