Saturday, October 13, 2012

Dina Lohan Is $1.3M In Debt

Lots of people go into debt. Dina Lohan just managed to go into debt despite earning millions of dollars as Lindsay Lohan's manager when Lindsay was actually making some money. The thing that kills me when I look at what the NY Post dug up is the $302,000 lien owed to a business partner which was spent on Lindsay's singing career. That worked out really well didn't it? Even after that disaster, Dina still tried with Ali, but I guess she didn't have to pay for that. She suckered the Maloof family into paying for that. What is said is that she did not even pay the bills for her kids' dentist. That is terrible. Dina owes $900K on her house so that is the vast majority of the debt. She has not paid anything on her house though. Lindsay paid $40K in one lump sum and presumably there was some money put down, and Dina has only paid a total of $200K on the house.

36 comments:

Basil said...

I wonder where all the money went?

Groovy said...

cocaine is expensive.

MISCH said...

I don't get it, they've lived on Long Island forever what happened to money from the original house? How could she put down so little ?
If she was any kind of human being she would have invested some of that money wisely
Lindsay never had a chance..
Has anyone seen Ali lately ?

:| raven |: said...

@Misch - exactly.

these girls never had a chance with their mother and father ...

MrWolf said...

Stupidity is more expensive.

I see it with athletes all the time and the truth is, it's not just drugs (though those don't help).

There's the legal problems and the tens of thousands of dollars spend on those. Doctors don't work free, plastic surgery gets expensive. Cars? Do you think Dina drives a Chevy? They're buying new SUVs every year, which is probably 90k.

Personal assistants for both Lindsay and Dina, award show dresses, jewelry, paying off people who Lindsay's stolen from or offended.

Buying gifts for producers to ingratiate yourselves.

There's not many people who become rich who stay rich - Those that do are usually university educated professionals who become rich over a period of 20 years and have a steady source of incomes.

If you give a dimwitted high school dropout a million dollars, 90% of the time, they'll piss it away within the year.

Turkish Taffy said...

I would have loved to see Shawn Chapman Holley's bills in that itemized list, but it looks like she was the only person who ever got paid promptly and in full by the Lohans. Priorities, people!

Sugar said...

Mo money, mo problems!

T. E. Cuz said...

is this a blind reveal? the maloofs with ali lohan?

katsm0711 said...

@mrwolf it's like lottery winners. Warren Buffet is rich bc he learned how to grow money and keep it. U hand a million dollars to someone who struggles bc they are bad with the money that they do have and they blow it bc they aren't experts in growing money.

MadLyb said...

So your daughter's are in trouble and you languish and party away all the while in a million dollar that was solely acquired because of your daughter's fame, and yet you keep taking your kids money to bail you out? This woman disgusts me beyond words. I honestly want to spit on her.

ureallyannoyme said...

They've run through their money and they're running through their credit. Only so many resources when you don't have a revenue stream.

At least MJ had money coming in when he died. Lindsey's estate is never going to be solvent.

Alicia said...

Mark Zuckerbergs house costs less than hers

urban chaos said...

And Dina signs a book deal to cough up the cash in 3, 2,...

Maggie Casey said...

I bet she hasn't paid taxes either! UH OH!!

Cancan said...

Maloofs and Ali? WTF?

Maximus said...

This whole family is a mess and it is disgusting. Wasn't there a recent blind that most thought was Ali regarding her heading overseas for rehab? It was under the guise of a "modeling gig"? I thought the blind also said she was the one who was putting distance in and trying to gtf away from her family.

donner said...

When will this all end? Does this family never hit bottom? Why are they constantly bailed out? I don't understand the world sometimes. I'm ready for this to all settle and be done.

FS said...

I hope this story gets repeated and picked up by many, many, many outlets. Perhaps then she will realize that no one is buying her BS anymore.

Lola said...

Did she ever think, "gee,maybe I shouldn't be living in a million dollar home."? What the hell with the "it's what I DESERVE" shit?

She better hope that Lindsay suckers one of her johns into marrying her or their future is going to look like Erin Moran's.

donner said...

Some of the Maloofs were producers on that Living Lohan show. Maybe that's what Enty is referring to...

audrey said...

Oh you just know some TV station is going to cave and give them air time for a Telethon.

Moosefan said...

I still cannot manage to give a f--k about these tricks. Seriously, not one f--k that I have will be wasted on them.

selenakyle said...

Here, here, Moosefan!

Ditto to the MAX.

Damn oxygen thieves.

brittiany said...

Agreed.

i said...

Is this going to be Michael's fault too?

trudi said...

She built a $1.1 million dollar house in a neighborhood where the vast majority of the houses go for $500k or less. The bank is going to take a bath on this one. It will take forever to get rid of it unless they have a fire sale.

MrWolf said...

@katsm - Exactly. :)

sylmarillion said...

@i: it's going to be the whole world's fault - except their own. As others have said, entourages, cars, million-dollar-houses, lawyers and drugs...the money goes out faster than it comes in. Not a sensible investment in sight.

parissucksliterally said...

No surprise here, she's a drug addict who lives way beyond her means.

Suzzique said...

these are the debts at the forefront. enty told us a while back dina was being sued for 500k she never paid for personal security. imagine there are many other debts not included in the 1.3mil.

Krissie said...

So when is someone finally going to come after these people and either get them to pay their bills or put them in jail? Probably never. I'm always hearing about how Lindsay owes thousands here and thousands there, but she just keeps on spending and nothing happens.

Must be nice to be millions in the hole and still run around buying designer clothes and flying first class with nobody calling you on it except people on the Internet.

Ellen said...

I don't get people haven't figured out yet that the people with the most money usually aren't that flashy with it.
I kinda like her sweater in this picture, though....

I know it's Lifetime and it's a tv movie, but WHY did they have to cast Lindsay as Elizabeth Taylor?!?!?! I feel like it's lead to this overkill of Lohan news.....

lutefisk said...

Dina also owes money to the Cold Spring Harbor School District. CSH is a much more prestigious district than North Merrick. When the kids did go to school they were enrolled there and the Lohan's were supposed to pay the school taxes to cover their education. They never did. However, I don't think any of the kids attended school there for any great length of time.
Also, when they built the house $1.1 million was not a huge amount for a house in Merrick. However, North Merrick is the less expensive area and the houses are worth less. Had the house been built in South Merrick which is mostly waterfront it would not have been questionable. Seems they just couldn't afford it, regardless where it was located.

discoflux said...

@donner - All I can think is that if you're as morally bankrupt as Dina Lohan, rock bottom is a lot further down the chasm. She's so deep in denial she keeps telling herself that she's not falling, she's floating.

Unknown said...

I love her shoes.

Shallow Gal said...

@Moosefan: A-f*&%ing-men