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June 15th, 2006

Screech is in trouble

Thanks to Pinger Chris/COD for sending along info about fellow celebrity Dustin Diamond (Screech) who’s in some deep ish with regards to his housing situation. From his site:

I’m Dustin Diamond and you probably remember me from the hit TV show Saved By The Bell. After the show ended I decided to leave Sunny Cailfornia for the midwest. My shitty credit meant that getting a loan for a house would be tough. I began looking and finally purchsed one on a land contract [link mine]. I was thrilled! Now I call Wisconsin my home.

During the past years the land around me has developed for the better and my property value went way up. Now that the house is worth a lot more they want it back. Knowing my credit is bad, getting a straight mortgage would take some time. I received a letter stating that I had 30 days to pay $250,000.00 or get out. I was not thrilled.

After contacting a lawyer who screwed him by literally doing nothing, Dustin is now facing being kicked out on his Kapowski if he doesn’t come up with some cash.

So, c’mon, buy a shirt. Help save Screech’s house!

Posted in Pop Culture

FROM: Badure
DATE: Thursday June 15, 2006 -- 10:36:10 am
Did he spend all his money he made on T.V

DATE: Thursday June 15, 2006 -- 11:27:53 am
Something seems rather fishy about all of this. There are a gazillion mortgage companies that specialize in sub prime lending. The rates will be a tad bit high - but it certainly is not a big deal to get a mortgage with less than stellar credit. He certainly didn't need to call some guy with the Mafia Lending Company in NY.

FROM: Maria
DATE: Thursday June 15, 2006 -- 11:35:24 am
Seriously considering buying one, even though I'm finding it a little hard to swallow. What I want to know first though, Ryan, is did you buy one?

FROM: Ryan [E-Mail]
DATE: Thursday June 15, 2006 -- 2:42:45 pm
Maria, no, I didn't, but I'm thinking about getting the autographed one.

Apparently he appeared on Stern to talk about all this, which makes me think it's a little more legit, or at least confirms that he is actually directly involved with it.

FROM: Merle [E-Mail]
DATE: Friday June 16, 2006 -- 11:18:34 am
What I want to know is, how the heck did he end up in so much debt in the Midwest? They practically give away land and houses out there...

FROM: Joseph
DATE: Saturday June 17, 2006 -- 5:49:42 pm
If the property values are that high, he should just sell for a big profit and then move somewhere else in the Midwest. Developers becoming interested in your piece of crap property is the American Dream. I know someone who just sold off some land that they used as a farm. They are Italian immigrants and bought land cheap, planted a farm on it to raise the family vegetables and lived just like they had in Italy for years. It turns out that the NYC spread had finally made their land hugely valuable overnight. They just sold it for something like $3 million. I think it was like seven acres or something that they paid almost nothing for back in the 1960s.

Either this story is just BS or Screech is an idiot.

FROM: Matt
DATE: Sunday July 9, 2006 -- 10:27:15 pm
He has bad credit because his father stole all of his money and f'd up his credit when he was still in his teens. He talked about all of this on Stern in 2000.

gordman August 20, 2007, 7:39 am

This is weird, I can see the reason of that letter, did you expect this to happen? Did you even got a “warning” message first? You got yourself a good deal whit that house, you should try clarify the problem immediately, I hope this doesn’t have to involve a lawyer.

What is this then?

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