Bill Cosby is so desperate for money to pay off a massive civil judgment granted to one of his victims, he’s slashed the price on his beloved New York City townhouse by more than $750,000 — to attract buyers as quickly as possible!
“He’s desperate to raise money and clearly willing to do just about anything necessary to do so!” a source says.
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In late March, a California court ordered the fallen funnyman to pay a whopping $59 million to Donna Motsinger, a former waitress whom a Los Angeles jury determined he’d attacked in 1972.
The timing of the decision couldn’t be worse for the Hollywood pariah, whose fortune is reportedly dwindling as he no longer tours or makes films — while legal bills continue to mount from multiple lawsuits against him.
Sources say his once estimated $400 million fortune had already shrunk to an estimated $128 million — even before Motsinger was awarded the big-bucks payout for her pain and suffering.
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According to The New York Post, the exclusive Manhattan property originally went on the market last year with a price tag of $6.99 million. After three months, the price dropped by $250,000 to $6.75 million, and with the latest price slash, now lists at $5.99 million.
Cosby, whose primary home is in Pennsylvania, continues to hold multiple properties.
He was hit with a lawsuit in Manhattan Supreme Court on Dec. 31 by the East 61st Street home’s lender, First Foundation Bank, which alleged he defaulted on $17.5 million in loans secured against the 12,000-square-foot mansion.
The 88-year-old comic turned ex-convict also faced claims from a separate lender that he and wife Camille had defaulted on a $4.2 million loan tied to the townhouse, with outstanding principal and accrued charges topping $3.7 million!
In 2018, he was convicted of doping and attacking an unconscious Temple University basketball executive, Andrea Constand, at his Philadelphia home in 2004. But after serving three years in prison, the ditched Jell-O pitchman was released on a technicality.
“He’s terrified even more women will launch similar suits against him and he will lose everything!” the insider says.
Sources say the financial crunch has put great strain on Cosby and Camille, leading to tension in their 62-year marriage.
“They’re desperate to raise cash and she’s sniping at him about the position he’s put them in,” a source spills. “It’s a miracle they’re still together at all!”