Posted Oct 5th 2009 3:08PM 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.
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.
Filed under: TV, Jon & Kate, Exclusives
Tags: house, jon and kate, jon gosselin, jon kate plus 8, JonAndKate, JonGosselin, JonKatePlus8, kate gosselin, KateGosselin, mortgage, tlc
Posted Sep 11th 2009 1:14AM by TMZ Staff
La Toya Jackson is days away from losing her Las Vegas home -- unless she comes up with enough cash to pay the mortgage by the end of the month.
According to legal documents obtained by TMZ, La Toya owes $745,670.27 on her swanky condo in the Regency Towers of the LV International Country Club.
The docs show the house will go up on the auction block if she doesn't pay up.
The Clark County Recorder's office tells us the auction was originally schedule for August 31 -- but it was postponed. The new auction date is September 30.
La Toya's rep gave us this statement:
"La Toya has an extensive real estate portfolio and her advisors directed her to the business decision to let this particular property to go to short sale where it is now.
The property was also something she got during her divorce from Jack Gordon and she has no attachment to it."
Filed under: Celebrity Justice, Exclusives
Tags: LaToya Jackson, LatoyaJackson, mortgage
