Jon & Kate Are In Debt

Oct
7
Submitted by JohnnyFree on October 7, 2009 - 12:09am
Jon & Kate Are In Debt

Despite the sack of money that these 2 derelicts take in every month, they are still in debt on their mortgage - to the tune of $720,000.

Their $1.12 million estate in Wernersville, Pa., was actually purchased in the name of estate lawyer William R. Blumer as part of a Revocable Trust Agreement last October.

But the 6,000 square-foot house and its 24 acres weren’t paid for entirely in cash in October 2008. There is a mortgage that is quite substantial.

The mortgage with Susquehanna Mortgage is also in the name of the estate and it is for $720,000 over 10 years.

A quick check of the BankRate.com mortgage calculator shows that the estimated monthly payment – before taxes – at 6 percent over 10 years is $9,000 a month. (The actual interest rate on the loan is unknown.)

Damn! $9K a month is steep, but cheap by LA standards nonetheless.
Source


FILED UNDER:
SIMILAR STORIES:
Bookmark and Share

  Comments

Login or register to post comments

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <i> <b> <em> <strong> <blockquote> <code> <ul> <ol> <li>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for making sure you are a human, to prevent automated spam submissions.
1 + 4 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Please share your opinion, but make sure it is on topic and follows our Community Rules. We moderate comments and prohibit personal attacks, threats, spam, lewd images, or the promotion of your personal website.

Community Rules:

  • We will not tolerate any personal attacks against other members or staff.
  • Threats or violent comments aimed at anyone are never allowed.
  • We have no tolerance for racial slurs or bigotry.
  • We cannot condone the shameless self-promotion of your personal site, business, professional services, or event.
  • Please don't post spam or repetitive content, or private message members with spam.
  • Links, videos, or images containing pornography and/or nudity are not appropriate for our community and will be removed.
  • Please do not post any personal information, we recommend you don't share your full name, email address, phone number, or address online.

Bricks and Stones Gossip Groups

Click here to view our growing list of Gossip Groups!