You can’t spell Lohan without loan!
Dina Lohan’s mortgage lender advanced foreclosure proceedings last month on her $1.3-million Merrick home two weeks before the mother of actress Lindsay Lohan was arrested recently for alleged drunken driving, records show.
JP Morgan Chase Bank filed the foreclosure lawsuit Aug. 28 with the Nassau County clerk’s office as the lender takes the next step in its case to recoup the defaulted loan on the family’s McMansion at New York State Supreme Court in Mineola.
Dina “has failed to comply with the conditions of the mortgage…by failing to pay portions of principal, interest or taxes, assessments, water rates, insurance premiums, escrow and/or other charges,” court documents obtained by the Press state.
The foreclosure update comes as Dina is due to face driving while intoxicated and speeding charges Tuesday at First District Court in Hempstead. Lindsay, 27, who’s mounting her comeback in independent movie The Canyons, is living in Manhattan after completing her latest court-ordered rehab stint for substance abuse.
Lindsay’s mom has been fighting to keep the family’s home out of foreclosure since 2005 and refinanced the mortgage in 2011, records show. Lindsay reportedly loaned her mom $40,000 last fall to keep the house from going into foreclosure again, but process servers showed up at Dina’s door in February, the New York Post reported at the time.
If the two sides are unable to reach a settlement this time, the case could go to trial, which might end with the house landing on the auction block—although the legal process generally takes years to reach that conclusion.
Two days after her Sept. 12 arrest, Dina reportedly celebrated her 51st birthday in Manhattan with Lindsay and her three other children, Cody, Ali and Michael Jr.
An attorney for the bank declined to comment. No attorney was on file for Dina Lohan in court records. A Lohan representative could not be reached for comment.
