'Chrisley Knows Best' Cast Members to Lose Grand Mansion Amid Bankruptcy Filing? DETAILS [VIDEO]
Todd Chrisley and his family are rumored to be losing their grand mansion as his bankruptcy case continues.
Todd Shows 'Grand' Home During Bankruptcy Process?
The family, which consists of Todd, his wife Julie, their five children and two grandchildren, made their mark on USA's hit reality series Chrisley Knows Best. They will soon be trading in their grand 30,000 square foot mansion in Roswell, Ga. for a two-bedroom, two-bathroom condo in Atlanta. The downgrade comes as a bankruptcy court granted the bank permission to repossess the home, according to documents obtained by Daily Mail.
The home is no longer under protection after Todd filed for bankruptcy back in 2012.
Todd Chrisley's Bankruptcy DETAILS
It has been up for sale since March at an original asking price of $2.4 million. Todd currently owes nearly $1 million on the home. Unless a buyer comes in to purchase it, his family will be moving to the condo on the fifth floor of a building on Peachtree, which is completely paid off and worth $300,000.
The mansion is not the only property the self-made millionaire is in danger of losing. In fact, there are four others, including his mother's, Grandma Faye and oldest son Kyle's home that they shared together. The $500,000, four-bedroom, Alpharetta, Ga. home is facing foreclosure after he defaulted on a $33,000 loan.
Todd could also lose the family's lake house in near Greenville, S.C. after back payments and penalties racked up to more than $1.688 million.
Chrisley Knows Best has been renewed for a second season so it's possible that the family could regain their wealth.
