Bill Cosby and his wife Camille are facing foreclosure on two New York City townhouses due to alleged default on multimillion-dollar loans totaling over $21 million.
According to documents, the Cosbys defaulted on a $17.5 million loan for their East 71st Street townhouse, along with a $4.2 million loan on another property.
First Foundation Bank is seeking to force the sale of Cosby's East 71st Street townhouse after they allegedly failed to repay more than $300,000 in property taxes.
In total, the couple is accused of failing to maintain repayments on loans that exceed $21 million, raising significant legal and financial challenges.
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