Despite the sack of money that these 2 derelicts take in every month, they are still in debt on their mortgage - to the tune of $720,000.
Their $1.12 million estate in Wernersville, Pa., was actually purchased in the name of estate lawyer William R. Blumer as part of a Revocable Trust Agreement last October.
But the 6,000 square-foot house and its 24 acres weren’t paid for entirely in cash in October 2008. There is a mortgage that is quite substantial.
The mortgage with Susquehanna Mortgage is also in the name of the estate and it is for $720,000 over 10 years.
A quick check of the BankRate.com mortgage calculator shows that the estimated monthly payment – before taxes – at 6 percent over 10 years is $9,000 a month. (The actual interest rate on the loan is unknown.)
Damn! $9K a month is steep, but cheap by LA standards nonetheless.
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