It is purported that Kevin Spacey is’refusing to leave’ his $5.6 million condo in Baltimore, following the opulent property’s foreclosure auction sale a few weeks ago.
The 65-year-old actor first disclosed in June that he would have to sell the 9,000 square foot house by the end of July in order to raise money for the substantial legal bills associated with his 2023 𝑠e𝑥ual assault trial.
Even though he was ultimately found not guilty of any crimes, he admitted to Piers Morgan at a talk show earlier this year that the legal struggle had taken a toll on his income, saying, “I still owe a lot of legal bills that I have not been able to pay.”
When Spacey’s house went up for sale in late July, real estate tycoon Sam Asgari bought it for $3,240,000. Asgari’s name was kept a secret at the time, while rumors stated that a “anonymous” billionaire had purchased the company.
But Asgari—the enigmatic buyer—has now come out to accuse Spacey of “refusing” to leave the Baltimore house, asserting that the actor has asked to be granted an additional six months of rent-free occupancy.
“Right now, he’s refusing to leave,” Asgari said, according to The Baltimore Banner. “He’s asking for six months to leave the property without paying anything.”
Realtor.com® has contacted Spacey’s spokesperson for comment, however one of his lawyers, Edward U. Lee III, denied Asgari’s allegations in an email sent to The Banner, saying only: “The accusation by Mr. Asgari is false.”
The property at the center of this latest controversy is understood to have been purchased by Spacey for $5,650,000 in 2017, the same year he was first accused of 𝑠e𝑥ual misconduct.
At the time, representatives for the actor strongly denied that he had bought the home, with his then-manager, Evan Lowenstein, claiming that the condo belonged to him and not his client.
However, when the property ended up on the auction block, Spacey’s identity as its true owner was confirmed once and for all.
The impressive five-story abode, which is in the exclusive Pier Homes at the Harborview community, sits at the end of a pier and provides stunning views across the harbor.
It’s a combination of two townhouses and features six bedrooms, seven full bathrooms, and three half-baths.
Other amenities include a home theater, sauna, an elevator, a billiard room, and a chef’s kitchen. Multiple decks, including a 76-foot roof deck with a spa, offer residents the chance to enjoy panoramic views of the area.
The home is also equipped with a four-car garage.
According to The Banner, Asgari had to pay a $100,000 deposit on the home after placing his winning bid in the auction—which took place July 25 on the steps of the Baltimore Circuit Court and lasted just 15 minutes.
Foreclosure auction terms in the state of Baltimore require a sale to be ratified by the court, a process that can take up to 30 days. After ratification is complete, the legal title officially passes to the buyer, who must then pay the full sum agreed at auction within 10 days, as well as any additional taxes, interest, and penalties.
Failure to pay can open the buyer up to a lawsuit by the county.
Should the home’s previous occupant refuse to leave, the buyer can pursue legal action to evict them; however, in most cases, the resident chooses to willingly vacate the home.
It is not currently known whether the sale of Spacey’s home has been ratified, but only 16 business days have passed since the auction took place.