“American Chopper” star Paul Teutul Sr. is in danger of having his New York mansion foreclosed on and sold off at public auction after one of his creditors went to a judge demanding they be allowed to seize the home ASAP.
On November 13, MT&T Bank filed court documents in Teutul’s bankruptcy demanding the judge allow them to start the process of foreclosing on his New York mansion. (P.S. FYI – A mansion is consider a home OVER 10,000 square feet – BWN) The 3,448 sq. ft. 3-bedroom, 3-bathroom home is located in Montgomery, NY.
Teutul took out a $1.5 million loan in 2005. The bank explains Teutul defaulted on the loan prior to him filing for bankruptcy.
We guess he didn’t spend his TV money very wisely.
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