CASH-STRAPPED ACTOR STEPHEN BALDWIN LOSES HIS HOME IN RECESSION

Cash-strapped Hollywood actor Stephen Baldwin has become the latest victim of the worldwide recession to lose his home.
The actor, who is currently starring in the reality TV show I'm A Celebrity... Get Me Out Of Here!, will find that he is homeless when he leaves the Costa Rican jungle.
A bank has kicked him out of his house after foreclosing on his loan and is now putting the luxury home in the suburbs north of New York up for auction.
Baldwin paid US$515,000 for the house situated on 1.4-acre home in Rockland County in 1997.
But over the years he has remortaged the property to take more cash out.
In 2006, Baldwin, who is the brother of actors Alex, William and Daniel Baldwin, tried unsuccessfully to sell the property, which was built around 1850, for US$3.4 million.
At the time he claimed he wanted to move to a house with more land so that he and his graphic designer wife Kennya could have horses.
County filings show the Baldwins defaulted on US$824,000 in payments to mortgage holder Bankers Trust Co.
The auction is set for June 24.
Baldwin, who has has starred in movies such as Bio-Dome and The Usual Suspects, recently appeared on the reality television show The Celebrity Apprentice.
The Baldwins, who celebrated their 19th wedding anniversary on June 10, reportedly also owe unpaid state and federal taxes on the property that may add up to the tens of thousands of dollars.
Additionally, county records show the Baldwins also owe National City Bank money for a separate mortgage.
The couple have not commented on their financial situation.
Brian Berkowitz, the court-appointed referee for the foreclosure, and lawyers for Bankers Trust Co. declined to comment.