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'Girls Gone Wild' Honcho

Foreclosure Looms

On Fancy Pad

9/20/2013 9:50 AM PDT BY TMZ STAFF
EXCLUSIVE

0920_joe_francis_bel_air_house_launch

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11:40 AM PDT:  We just spoke to Joe ... who told us he's contacted his accountant who's going to take care of the problem.

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Joe Francis
' money problems are compounding -- 7 months after "Girls Gone Wild" declared bankruptcy, his bank has started foreclosure proceedings on his Bel Air compound.

The estate is sick ... worth an estimated $11.4 mil.

According to JPMorgan Chase Bank ... Joe has slacked off on mortgage payments to the tune of $127,686.91.   

In addition to "Girls Gone Wild" filing for bankruptcy ... Joe's also been ordered to personally pay $19 million to Vegas casino mogul Steve Wynn. And we're not even gonna mention the jail sentence hanging over his head.

Calls to Joe weren't returned.

42 COMMENTS

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1.

Mikey    

The worlds not running outta pervs, its just that porn is free on the net now.

362 days ago
2.

BigsbyButters    

Yikes!

362 days ago
3.

kimmi    

He can shack of with Dina Lohan and they can have the perfect drug den, I mean flop house.

362 days ago
4.

josephgein    

This guy's gonna kill himself. Just watch. His mega-ego can't/won't handle this and the spectre of prison time. No great loss to humanity. Probably a good thing in the long run, you know.

362 days ago
5.

devil's advocate    

I'm sure it wont be long before his girlfriend dumps him and his dog runs away from home ;)

362 days ago
6.

CN    

Well done, karma.

362 days ago
7.

lauren1022    

sounds like karma for him being such a s*** bag for all of these years. he built his "empire" by getting underage girls to show their tits and sign waivers when they couldn't legally get into a contract due to their age and being under the influence of alcohol/drugs. not that the girls were not at fault as well but he was clearly taking advantage of them in the most s***bag of ways. i don't feel sorry for him at all .. he's always been an egomaniac s***bag and always will be. i hope he drops the soap in jail several times.

362 days ago
8.

Kelly    

Joe WTF? You had a chance to prove a guy could be a playboy without being a deadbeat douche. Thanks for ruining it.

362 days ago
9.

KarmaFan    

Watching it all unravel for Francis- love love LOVING IT!

362 days ago
10.

anony    

Loser who deserves everything he's getting.

362 days ago
11.

Vanilla Chinchilla    

You'd think the agent taking photos of an eleven million dollar pad could afford a real camera.

362 days ago
12.

Wow ...    

I LOVE hearing stories exactly like this. Joe Francis is a sick, sick man. Control issues, anger issues, let's not forget manipulation and if he can't verbally force you to do as he wants, he will do so physically.

362 days ago
13.

fluffygrrrl    

yeah on couples therapy he acted better than everyone else because he lived in Bel Air. What a douche

362 days ago
14.

nyc44th    

Next goes the girlfriend who was only with him for his dough and so called celebrity status . . How anyone can be such a dumb*ss as to lose all the money this jerk had is beyond me. That's what you get for being a selfish SOB who doesn't care about the people he exploits to make more money. Karma is a bitch. Of course he will blame it on all the people "out to get me" and never look at his part to play in any of it.

362 days ago
15.

Clytemnestra    

Were those pictures taken with a Kodak Instamatic cicra 1960...? The place looks horrible, and that kitchen is just plain bizarre.

362 days ago
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