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MyFox Philly Report
Deed and mortgage documents obtained by MyFoxPhilly.com show Jon and Kate Gosselin may have a large mortgage to deal with as part of their divorce settlement.
Slideshows: Images Of The Gosselin Estate | Gosselin Top 10 Freebies .
The family also may have a mortgage on their previous house, according to county records.
The documents for their current houses were filed in Berks County in October 2008.
Their $1.12 million estate in Wernersville, Pa., was actually purchased in the name of estate lawyer William R. Blumer as part of a Revocable Trust Agreement last October.
The trust is registered to the same address used by Jon and Kate Gosselin in their divorce case. Such a purchase by a trust is common in estate planning when couples wish to avoid probate issues.
But the 6,000 square-foot house and its 24 acres weren’t paid for entirely in cash in October 2008. There is a mortgage that is quite substantial.
The mortgage with Susquehanna Mortgage is also in the name of the estate and it is for $720,000 over 10 years.
A quick check of the BankRate.com mortgage calculator shows that the estimated monthly payment – before taxes – at 6 percent over 10 years is $9,000 a month. (The actual interest rate on the loan is unknown.)
As of October 5, the mortgage had not been paid off.
It is unknown if the Gosselins or the trust paid into the principal on the loan in the past 12 months.
It also would not normally be a matter of public record how the Revocable Trust Agreement was funded.
In addition, the couple’s previous house is also reportedly still on the market and the Gosselins may owe money on that house.
The brick Cape Cod in Elizabethtown, Pa., was bought by the Gosselins for $280,000 in 2006.
According to Lancaster County deed and mortgage records, the mortgage on that house was $193,000 from the National City Mortgage, and the mortgage obligation was for Jonathan and Katie Gosselin (not a family trust).
The most-recent check of county records show that the mortgage has not been satisfied, as of October 5.
On Monday, Kate Gosselin told the “Today” show she had just $1,000 in her money-market account and could not pay her current bills, because Jon Gosselin had taken $230,000 out of the account.
Directly addressing Jon Gosselin, Kate said: "You left your children and their mother unable to pay the bills."
Reports over the weekend said Jon Gosselin took $230,000 out of the couple's joint bank account. At one time, the account had $231,000.
Jon Gosselin's lawyer, Mark Jay Heller, sent a statement to Entertainment Tonight about the allegations.
"He has not withdrawn any money for his own remuneration with the exception of the past several months wherein he believes he only withdrew approximately $175,000 which is less than ten percent of the gross revenues paid the Gosselins," Heller said.
Heller said that when all the Gosselin money is accounted for, "Jon will be awarded substantial additional funds.