Stephen Baldwin's Foreclosed Home Up for Auction
06/12/2009 AT 02:35 PM EDT
The actor, 43, and his wife (since 1990), graphic designer Kennya Baldwin, paid $515,000 for the 1.4-acre home in 1997. Three years ago, the couple tried unsuccessfully to sell it and reportedly defaulted on more than $824,000 in payments to mortgage holder Bankers Trust Co., according to the Associated Press.
In addition, according to Gannett News, unpaid state and federal taxes on the property may add up to the tens of thousands.
There has been no comment from the Baldwins.
– Stephen M. Silverman