Lindsay Lohan's Mother Dina Loses Home In Foreclosure After Owing $1.5M To Bank

By on May 5, 2018 in ArticlesCelebrity Homes

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Dina Lohan, mother of actress Lindsay Lohan, is reported by The Blast to have lost her Long Island home to foreclosure, owing the bank $1.5 million after fighting to keep the house for years. The house was Lohan's childhood home, and she even gave her mom $40,000 to go towards keeping it in the family in October of 2012, but it was ultimately all for naught as the house has now been ordered by a New York court to go before the auction block sometime in the next 90 days.

As of December of last year, the elder Lohan owed exactly $1,492,784.21 on the two-story home, stemming from a $1.3 million loan she reportedly borrowed against the property after purchasing it outright in 2004 for $650,000. In 2013, JPMorgan Chase sued Dina Lohan for foreclosure on the house, claiming that she "failed to comply with the conditions of the mortgage … by failing to pay portions of principal, interest or taxes, assessments, water rates, insurance premiums, escrow and/or other charges." But after a few months, a deal was struck and the process was halted, at least until now: Earlier this year, the bank resumed its foreclosure lawsuit, and Dina was not present in court to respond, nor has she made any statements to the press.

Slaven Vlasic/Getty Images

The home was last the subject of headlines in 2012, when Lindsay's aforementioned $40,000 gift to her mom so she could keep the house was the subject of a recorded phone call between Lindsay and father Michael that made its way to the public.

The true value of the old Lohan family home where Lindsay, as well as half-siblings Michael Jr., Ali, and Dakota grew up, will be determined once a sale is made but it's estimated to be worth around $900,000 as of right now. It's got a three-car garage, three and a half bathrooms, and a swimming pool.

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