Bill Cosby's NYC Townhouse Snatched Up In A Flash — Foreclosure Listing Finds Buyer In Under A Month

Core Insights - Bill Cosby's New York townhouse is under contract for $29 million, closing a tumultuous financial chapter for him and his wife Camille [1][2] - The couple faced allegations of defaulting on $17.5 million in loans related to the property, with foreclosure proceedings initiated by First Foundation Bank [2][4] - The quick sale of the townhouse indicates that its prime location remains desirable despite the controversies surrounding its former owner [3] Financial Context - The Cosbys purchased the 13,000-square-foot Luyster Mansion in 1987 for $6.2 million, highlighting a significant appreciation in property value [2] - They reportedly stopped making mortgage payments in June 2024 and owe over $300,000 in property taxes, as per court filings [3] - CitiMortgage has also filed a lawsuit against the couple for defaulting on a $4.2 million loan related to another New York townhouse [6] Ownership and Legal History - The ownership history of the townhouse is complex, involving transfers through an attorney and Camille Cosby's mother before being placed in the couple's name [5] - Financial disputes have been a recurring theme, with accusations of embezzlement against their former lawyer in the 1990s [5] - The couple's financial troubles have led to a price reduction of about $250,000 on another townhouse listed for $7 million amid ongoing legal battles [6]