Kevin Spacey, an American actor, is reportedly demanding a substantial sum of $100,000 to vacate his Baltimore residence, even though the property has been sold to a new owner.
The 9,000-square-foot, five-story condo, located in a gated community, was foreclosed on and sold at auction in July after Spacey fell behind on payments due to a lack of regular work following his cancellation in the wake of #MeToo accusations. Despite the sale, the former 'House Of Cards' star continues to reside in the stunning waterfront property, according to the New York Post.
The new owner of the property, real estate investor Sam Asgari, purchased it for $3.24 million and now alleges that Spacey's actions amount to "extorting" money from him.
Asgari told The Post, "He asked me for $100,000 to leave the property on November 17 and I said no but he said that was his final offer."
Asgari believes that Spacey is attempting to use the negative publicity to portray himself as the victim, but Asgari refuses to be victimized by the actor. He plans to fight Spacey legally and sue him for every day he overstays. The investor claims that the situation is already costing him $40,000 a month in homeowners fees, taxes, utility bills, and other charges.
Spacey attempted to block the original sale of the home, which he purchased for $5.65 million in 2017, last week. Due to legal quirks, he is not technically squatting, as the courts must approve the sale after a foreclosure auction before the highest bidder can officially sign the deed, a process that often takes months. During this time, the ex-homeowner can remain in the property.
Asgari had proposed a "cash-for-keys" offer of $50,000 to Spacey if he moved out by September 15, according to emails in the court filings. However, Spacey's camp countered, suggesting he could stay until February if he didn't interfere with the sale. The actor has also claimed that he is being "bullied" by Asgari and that the investor is trying to strong-arm him out of the home.
Asgari and his broker, Sam Sheibani, are not allowed to access the property beyond the gatehouse. Sheibani expressed frustration, stating that they have tried to be cordial, but Spacey is being uncooperative. "He's not giving any reason for why he won't leave, like he's homeless or something," Sheibani said. "It's really odd. On what planet is it okay for you to hold someone's property and demand crazy money if they want to get it back? It really feels like extortion now, like he's holding onto the property for ransom."
Spacey has been in financial trouble since he was ordered to pay $31 million to the producers of “House of Cards” in 2022.