Kevin Spacey has been in the news recently due to allegations of sexual misconduct, but he is now being discussed for an entirely different reason.
Although the 65-year-old actor was acquitted of nine sexual offenses involving four men in 2023, his return to the film and TV industry hasn’t yet compensated for his lost time. Reports suggest that Spacey is ‘broke’ and unable to afford his Baltimore mansion.
Despite the foreclosure and auctioning of his home to an investor over the summer, the American Beauty star has seemingly refused to vacate the property.
“Right now, he’s refusing to leave,” investor Sam Asgari told The Baltimore Banner. “He’s asking for six months to leave the property without paying anything.”
Asgari acquired the mansion for $3.24 million, a relatively low price for the 9000 square-foot home, which was initially purchased on behalf of Spacey by Clear Toaster LLC for $5.6 million in 2017.
The mansion, located on a pier in Baltimore, Maryland, was once among the most expensive properties in the area. Spacey bought it during the peak of his career, earning significant income from his role in Netflix’s House of Cards.
However, following his dismissal from the show due to various sexual assault allegations, the actor could no longer afford the $20,230 monthly mortgage, resulting in the property’s foreclosure and its subsequent purchase by Asgari.
Three weeks after Asgari bought the property, Spacey’s refusal to leave has become a growing concern for the investor.
Spacey’s legal team disputes Asgari’s claims. His attorney, Edward U. Lee III, stated: “The accusation by Mr. Asgari is false.”
Spacey has openly discussed losing his home, appearing on Piers Morgan Uncensored to talk about his difficult situation.
“Where I have been living in Baltimore, is being foreclosed on. My house is being sold at auction,” Spacey told Morgan.
“I’m not quite sure where I’m going to live now… I can’t pay the bills that I owe.”
After his acquittal, Spacey has been trying to re-enter the public sphere, securing a role in the movie Peter Five Eight, released earlier this year.
Despite these efforts, the actor’s financial issues continue.
“I still owe a lot of legal bills that I have not been able to pay,” Spacey said, mentioning that he is currently ‘millions of dollars’ in debt.