Kanye West Uses Bond In Wife’s Name To Sell Crumbling Mansion
Kanye West has had some problems with his Malibu mansion. He bought it and then tried to renovate it. However, the workers he hired sued him, and they put a lien on the mansion. After this, Kanye sold it anyway, and it has been revealed how this happened.
Here is what Kanye did to help him unload his Malibu mansion.
Kanye West Used Wife To Sell Malibu Mansion
Kanye West bought his Malibu mansion for $57.3 million in 2021. He then paid renovators to gut the entire interior, and he abandoned it. The person he hired to gut the mansion sued him for unpaid fees.
Contractor Tony Saxon claimed Kanye owed him more than $1 million for his work. Kanye denied the claims, and the case went to court. In January, Ron Zambrano, a partner at West Coast Employment Lawyers, filed a mechanics lien on the property on behalf of Saxon.
Despite the mechanics’ lien, Kanye sold the mansion anyway. He initially listed the home for $53 million, but no one bought it, so he dropped the price to $39 million. This means he lost $18 million on the mansion, not including what he would end up paying in the lawsuits.
The ongoing lawsuit and the lien made it unclear how Kanye could sell the Malibu mansion. Now, it has been revealed that he used his wife to ensure that he could dump it without worrying about the lawsuits.
Bianca Censori Took Out Bond On Malibu Mansion
Kanye West reportedly took out a $2,2 million bond on the Malibu mansion in his wife Bianca Censori’s name after the contractor sued him (via U.S. Sun).
Bianca Censori personally signed the surety bond, which allowed Kanye to sell the Malibu mansion he had gutted and left empty. This bond amount ($2,274,982) will cover Tony Saxon’s legal action. This works out since he allows Kanye to dump the mansion, and Saxon gets his money. Kanye still took a multi-million dollar loss on the sale.
According to the court documents, Saxon said he was forced to sleep in “freezing conditions outside” during the 24-hour, seven-days-a-week job. Kanye then didn’t pay him. He was suing for $1,819,986 in damages and lost income after injuries sustained while working,. The Platte River Insurance Company’s bond will cover this total.
The courts could also make Kanye personally pay for the attorney fees and costs. A mechanical lien puts a hold on a home until a person compensates workers for unpaid labor. The workers can force the sale of a home to cover their wages. Instead, Kanye forced the home’s sale thanks to the bond.
What are your thoughts on how Kanye West used his wife to get out of this financial situation with his Malibu mansion? Let us know your thoughts in the comments below.
- Kanye West Uses Bond In Wife’s Name To Sell Crumbling Mansion - October 13, 2024
- Celine Dion Accused Of Faking Paris Olympics Performance - October 13, 2024
- ‘Survivor’ Richard Hatch Blames His Sexuality On Prison Sentence - October 13, 2024
Sounds just like him. He says jump she says how high. it seems like she does whatever he says