Jon & Kate Saddled With Debt, Mortgages

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First Posted: 10- 5-09 04:59 PM   |   Updated: 10- 5-09 05:04 PM

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Kate

tmz.com:

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.

Read the whole story: tmz.com

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 ...
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 ...
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I totally agree with you, she has money hidden,locked out Jon from there assets, she deserves an award for her performanc­es.It totally is not about the kids anymore. There past the cute stage and there are so many other shows out there with stable parents and not by polor.

    Reply    Favorite    Flag as abusive Posted 04:00 PM on 10/07/2009

Why would anyone believe ANYTHING reported by TMZ??

    Reply    Favorite    Flag as abusive Posted 08:17 AM on 10/07/2009
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I am so over this. They both need to shut up.

    Reply    Favorite    Flag as abusive Posted 11:20 PM on 10/06/2009
- tiger313 I'm a Fan of tiger313 7 fans permalink

I heard she was crying about not being able to take her children to NY to see the Statue of Liberty. Why not get a real job and pay for it yourself or allow TLC to pay for it? Or is it that now that she can't sell her children on TV that TLC won't pay for any more vacations?

    Reply    Favorite    Flag as abusive Posted 10:51 PM on 10/06/2009
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sux to be them! haaaaa... didn't the housing crisis teach them not to buy more house than they could afford?

    Reply    Favorite    Flag as abusive Posted 05:02 PM on 10/06/2009

whats wrong with you? do you just like to see other people down? or are you just jealous?

    Reply    Favorite    Flag as abusive Posted 05:28 PM on 10/06/2009
- gtheb I'm a Fan of gtheb 6 fans permalink

so?

    Reply    Favorite    Flag as abusive Posted 04:30 PM on 10/06/2009
- Tugar I'm a Fan of Tugar 35 fans permalink
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THE GOSSELINS WERE GREEDY, AND MOVED FROM HOUSES THEY COULD AFFORD to bigger and more expensive ones at least twice since having their sextuplets.

Each time, Kate Gosselin kept saying "THIS HOUSE HAS SIMPLY GOTTEN TOO SMALL FOR US." She wanted to top anything her neighbors and family had, and she did it come hell or high water. Now they find themselves in debt. Well, they should do what anyone else does when they find they cannot afford something, they DOWNSIZE !

I DON'T FEEL SORRY FOR THEM AT ALL ABOUT THEIR "MEGA MORTGAGE" ON A HOUSE THEY NEVER SHOULD HAVE MOVED INTO ! She couldn't afford the house they live in on a nurse's salary, and he never made enough money to support any of them properly. Now neither one of them have a job to support their kids. No wonder they are on television everyday to pull one another apart. They are getting paid to do these daily little CRYING SCENES !

    Reply    Favorite    Flag as abusive Posted 04:09 PM on 10/06/2009
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These two wanted to pimp their family for money. Did they think it would last forever? What was she going to do when the ratings dipped, pop out a few more young-uns?

That's fame for you, Gosselins! Here today and gone tommorow. Should have thought of these things before you decided to put your life on display, with no other means of income. Now it's the kids who have to suffer: two useless, self-centered parents, and a couple of years of video of the car-crash that was their homelife to haunt them forever.

    Reply    Favorite    Flag as abusive Posted 02:12 PM on 10/06/2009
- chulanow I'm a Fan of chulanow 13 fans permalink

Jon seems to be taking actions that are only hurting his children. What good father would empty their check account and leave their children in a situation where they might be homeless and without the bare necessities in life.

At least the mother is trying to hold a job and pay the bills. While the father is determined to party and continue hurting his children.

Until the father can come up with a way to sustain his children's financial needs, he should stop derailing the only means of income available to them at the time.

He is on the way to winning the WORST FATHER OF THE YEAR AWARD!

    Reply    Favorite    Flag as abusive Posted 01:52 PM on 10/06/2009
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Oh, but why? He pimp$ himself in Vegas and bringing his milkshake to the yard! so there's a party afterwards­...he would still do those things w/out the party, right? No? Yeah, probably not.

    Reply    Favorite    Flag as abusive Posted 05:10 PM on 10/06/2009
- trinity I'm a Fan of trinity 11 fans permalink

They only had 200,000 left n the bank, what happened to the 75,000/episode x 36 episodes last year (and that was just last year, what about previous years)? What about all the money from Kate's appearances and book tour? The TWO of them were obviously horrible with money so don't put it all on Jon's shoulders, it was a joint account...

    Reply    Favorite    Flag as abusive Posted 07:20 PM on 10/06/2009

Larry King said it was $25,000/show when Jon was on his show. That's still a of money. I would've never moved into a mansion. Secluded, yes, mansion, no.

    Reply    Favorite    Flag as abusive Posted 01:39 PM on 10/07/2009
- SonyaInTx I'm a Fan of SonyaInTx 3 fans permalink

Amen!

Kate has a way to earn money, and through all of teh advice Jon is getting, he is determined to destroy it all.

I wish Nancy Grace or Larry King had asked Jon how he intends to support his children if he gets his wish and torpedoes the show.

The only thing Jon is focused on is opposing Kate. He never speaks of plans to support his kids post show on TLC.

Anyone who calls himself a man wouldn't destroy the means to keep a roof over the kids head and have mommy be able to stay at home and raise them.

    Reply    Favorite    Flag as abusive Posted 12:48 PM on 10/07/2009
- skymuffin I'm a Fan of skymuffin 19 fans permalink
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Guys do this all the time in divorces. Take out money. Hide money. Leave the wife, and, I'll bet he'll start a new family with a younger woman!

    Reply    Favorite    Flag as abusive Posted 02:11 PM on 10/07/2009
- Mirabai305 I'm a Fan of Mirabai305 5 fans permalink
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Is it at all possible for a judge to put a gag order on these two and prevent them from giving interviews or discussing this divorce publicly? Clearly they are incapable of making adult choices, so can someone find a judge that can persuade them to zip it?

    Reply    Favorite    Flag as abusive Posted 01:37 PM on 10/06/2009

I thought that when the media was first notified of the pending divorce, Kate told us that this was the last we'd hear from them until the divorce was final.

Then......­...we "hear" from both Jon and Kate almost every single day since Kate told us we weren't going to hear from them until the divorce was done.

    Reply    Favorite    Flag as abusive Posted 01:58 PM on 10/06/2009
- bluguy8 I'm a Fan of bluguy8 23 fans permalink

they need to gag the whole brood

    Reply    Favorite    Flag as abusive Posted 05:18 PM on 10/06/2009
- tlgeiger62 I'm a Fan of tlgeiger62 60 fans permalink
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None of this should come as a surprise (assuming it's true) - people who know nothing about wealth and then suddenly find themselves swimming in loot (lottery winners for instance), tend to overspend (to say the least) and quickly lose grasp of reality.

They thought the gravy train was on a circular track and would continue to go round and round. Now somebody has pulled the emergency brake and it turns out the track was not connected at the other end.

    Reply    Favorite    Flag as abusive Posted 01:21 PM on 10/06/2009
- happycat I'm a Fan of happycat 126 fans permalink
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You are absolutely right. Look at how many professional athletes there are who get paid millions of dollars per year, but then somehow, they blow it all. Obviously, the financial planner needs to come along with the enormous checks these people are getting. There is no reason why Jon and Kate have not built a large nest egg.

    Reply    Favorite    Flag as abusive Posted 02:17 PM on 10/06/2009
- souris I'm a Fan of souris 11 fans permalink
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..........­....Jon says Kate did all the "banking".­........di­d she hide money [maybe there is more than one set of accounting books] when she knew the split was on the horizon? Also, where is the all money from her book deals and endless personal appearances??

    Reply    Favorite    Flag as abusive Posted 01:13 PM on 10/06/2009

She called this "liquid" money. Perhaps they have money tied up in cds, bonds, investments, etc. They need to rework this situation.

    Reply    Favorite    Flag as abusive Posted 01:41 PM on 10/07/2009

These two are both a piece of work. They make tons of money exploiting their kids and can't seem to figure out how to make it financially. I feel bad for the kids. They're having a great adventure with the show now but it's not going to last once they're not cute and little anymore.

    Reply    Favorite    Flag as abusive Posted 12:57 PM on 10/06/2009
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Oh, I don't know about that...jus­t look at the Kardashian­s...

    Reply    Favorite    Flag as abusive Posted 05:06 PM on 10/06/2009
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They both look like they have extra chromosomes.
Get them out of my Internet machine.

    Reply    Favorite    Flag as abusive Posted 12:56 PM on 10/06/2009
- Grannysue I'm a Fan of Grannysue 132 fans permalink
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Both of these parents are poor excuses for parenting, exploite the kids buy a zillion dollar home, screw around, bash one another then say "it's all about the kids".

    Reply    Favorite    Flag as abusive Posted 12:54 PM on 10/06/2009
- tlgeiger62 I'm a Fan of tlgeiger62 60 fans permalink
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There are LOTS of couples, parents out in the world just like the Gosselins ... they just aren't all on teevee airing their business.

    Reply    Favorite    Flag as abusive Posted 01:22 PM on 10/06/2009
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