Kevin Spacey's firm is sued over debts after admitting he feared homelessness
KEVIN Spacey’s firm has been hit with a new lawsuit for allegedly not paying taxes on his former $6 million Baltimore home. Spacey, 65, had taken out a risky multi-million dollar mortgage on …
KEVIN Spacey's firm has been hit with a new lawsuit for allegedly not paying taxes on his former $6 million Baltimore home.
Spacey, 65, had taken out a risky multi-million dollar mortgage on the extravagant five-level apartment.
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Disgraced actor Kevin Spacey walks outside Southwark Crown Court in London in 2023Credit: AP9
This newly-listed Baltimore pad was once owned by Kevin Spacey who failed to keep up with the repayments, according to property recordsCredit: Photography by Derek & Vee9
The lavish home has a well-lit spacious living area with a fireplace and television areaCredit: Photography by Derek & VeeBut property filings show he'd failed to keep up with the repayments after he was hit with multiple sex abuse allegations, which he has denied.
The home was foreclosed and sold at auction last July after Spacey reportedly put up a fight.
He secretly bought the Baltimore shoreline property through the firm Clear Toaster LLC, which is run by his business manager, Dan Bolno, in an apparent effort to conceal the actor as the buyer.
Now, The U.S. Sun can reveal Clear Toaster is being sued by the tax experts Maryland Tax Appeals LLC.
Read more on Kevin SpaceyThey specialize in helping people to appeal their property tax assessment and reduce the amount they pay if, for example, they believe the pad has declined in value.
Details are brief on the Maryland district court website, but the lawsuit is described as “contract - large claims," which is usually for cases seeking damages of over $10,000.
Spacey's lawyers are disputing the suit and have filed their "intention to defend."
Regarding their defense, the court details read, "Did not commit wrongs alleged - demands strict proof of each and every allegation."
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Spacey has enlisted attorneys Whiteford Taylor & Preston with proceedings having been postponed.
Records show that Spacey purchased the property for $5.65 million and took a big risk by taking out a whopping home loan of $4,237,500 with Comerica Bank in September 2017.
Incredible aerial footage of Kevin Spacey's $5.6m home as it's sold at deep discount after actor admitted he's brokeIt was just a month before he was hit with the first allegations of sexual misconduct.
The loan was over 30 years at a four percent interest rate, which is around $20,000 plus taxes.
He initially refused to leave the pad after it was sold at auction to property investor Sam Asgari, who purchased it for a bargain price of $3.24 million.
The actor's legal team previously accused Asgari in court docs of using "intimidation" tactics to try to force Spacey out of the home.
They alleged that Asgari falsely declared the property as "abandoned" while posting an eviction notice.
Spacey's lawyer, Edward U. Lee III, wrote in a filing that Asgari used the notice as a means of "harassing and coercing" his client to move out before he was legally required to do so.
However, Asgari hit back, telling a local news outlet: "The exceptions filed have no merit, and they're designed to buy time on our expense, to live in the property for free, and to smear the buyer.
"The trustee and us will file in opposition, and we strongly believe that their claims are frivolous and will be denied."
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Kevin Spacey's former Baltimore shoreline home has a stunning view of the cityCredit: Photography by Derek & Vee9
The property is now back on the market and has gorgeous white interiorCredit: Photography by Derek & Vee9
The waterfront home has a nine-seat theater to entertain guests with moviesCredit: Photography by Derek & VeeThe pair eventually reached a settlement in November for Spacey to leave and, this week, the six-bed, seven-bath home was put on the market for $5.9 million.
The property was built in 2016 and has a home theater, elevator, sauna, billiard room, and chef’s kitchen.
There is also a 76-foot roof deck with a spa and a four-car garage.
The impressive pad is a combination of two townhouses at the Harborview community and is at the end of a pier with a breathtaking view across the harbor.
In June, Spacey broke down in tears in an interview with Piers Morgan over his fears of being made homeless.
He'd blown his reported $70 million fortune defending multiple sexual harassment lawsuits.
"I can't pay the bills that I owe," Spacey told Morgan. "I still owe a lot of legal bills that I have not been able to pay. It’s considerable."
He added, "I’m not quite sure where I'm going to live now."
Spacey has been acquitted of multiple sexual assault allegations in the US and UK after denying any wrongdoing.
He appeared before the bench in London last year after being accused of sexual assault against four men between 2004 and 2013.
Spacey was found not guilty on all counts.
Despite still being free, he was ordered to pay $31 million to the studio behind his Netflix show 'House of Cards' for breaching its sexual harassment policy.
Spacey appeared before the bench in London last year after being accused of sexual assault against four men between 2004 and 2013.
He was found not guilty on all counts.
When asked why he was "emphatically cancelled," despite being found not guilty, Spacey said, "What I've observed is that there's a lot of fear.
"People are afraid for their own careers if they stand with someone who has been found not guilty. I hope as time goes on that will shift in the right direction."
READ MORE SUN STORIESFollowing Spacey's role in House of Cards, the actor's work has been few and far between.
Multiple sources told The Hollywood Reporter after his trial that entertainment executives did not want to hire him despite the acquittal.
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The two-time Oscar winner is now struggling financially after being canceledCredit: AFP9
Kevin Spacey's home was near the set of House of Cards which he previously starred inCredit: Photography by Derek & Vee9
Kevin Spacey was found not guilty of sexual offenses against four men in the UK between 2001 and 2013 following a four-week trialCredit: Getty
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