In case you’re wondering what Jon Gosselin is doing now, reports suggest the former reality TV star has hit rock bottom. According to a report out today, Kate Gosselin’s former husband was evicted from his new “dream house” in Pennsylvania after allegedly failing to pay rent for months. The latest news about Jon comes on the heels of claims he bounced several checks written to the property’s landlord.
On October 14, Star magazine published an exclusive story on the struggling husband of eight children with the headline, “Jon Gosselin Evicted!” Considering his ongoing troubles in the media, the story was still a shocker to readers. The news that Jon’s struggles continue attracted a bevy of mixed responses. Some didn’t feel compassion for Kate’s ex-husband, while others expressed empathy for Gosselin.
Nearly a year ago, Jon located a home that, for all practical purposes, was ideal for his situation as co-parent to his eight kids he shares with Kate. Reportedly, Gosselin fell in love with the property and signed a “lease-to-own” agreement for the home, with an assessed value at the time of $299,000.
MtgProfessor defines LTO as “A lease-to-own house purchase (also “rent-to-own purchase” or “lease purchase”) is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. Such arrangements have proliferated in the post-crisis market because many potential home buyers can’t meet the tougher loan qualification requirements today, and many potential sellers are unable to realize a satisfactory price in any other way.”
Apparently, a chief reason Jon Gosselin was evicted from his rental property was a big mistake many budding homeowners make: He failed to read the fine print. An insider weighs in.
“Jon didn’t understand the terms of the contract and broke the lease, thinking he could just rent the property after agreeing to the rent to own the contractual agreement. Evidently, he didn’t understand the terms of the contract. He acted like he had all this money. The owners tried to work with him, and he’d get cocky and claim he could easily pay for the house in cash.”
For a period of four months, Jon and the property owner didn’t come to terms on his arrears and the eviction happened as a result of NSF checks Gosselin allegedly wrote. And it seems the 37-year-old’s money woes didn’t stop there. Back in May, Jon was reportedly terminated from his job as a server in Pennsylvania. Additionally, he supposedly signed away his rights to earnings from TV appearances associated with Kate Gosselin’s reality TV gigs, in lieu of having to pay child support. Jon Gosselin was evicted, but the tabloid seems to think it was “no big surprise.”