One of the tabloids’ favorite go-to stories is always “LeAnn Rimes is going broke because Eddie loves expensive toys and her career is in the toilet.” At one point, LeAnn was very successful. So successful that she had a reported wealth of about $20 million. But I kind of doubt that number, especially since LeAnn has downgraded on a lot of stuff in the past five years, like selling off her Nashville home for a significant loss, and taking weird and low-paying gigs which a “rich” person wouldn’t have to do. So does LeAnn really have money problems? Star Magazine and OK! Magazine say she does. And they backed it up with documentation. Apparently, LeAnn and Eddie borrowed $350,000 from their friends, the Fradins, and they still haven’t paid it back.
LeAnn Rimes & Eddie Cibrian are pinching pennies these days! When the celebrity pair wanted to buy a $3 million Hidden Hills, Calif., mansion, they just didn’t have enough in the bank to cover their new home. “LeAnn and Eddie took out a $2.1 million loan from the bank, but that’s all they were qualified to borrow,” spills the source.
“They scraped together $550,000 in cash, but the remaining down payment was provided by their pals,” which the source says these pals, Dave and Lizzie Fradin, might quickly see was a “recipe for a disaster.”
“If LeAnn and Eddie fail to repay the loan, the Fradins could foreclose on their house!” dishes the source. Documents show LeAnn and Eddie’s pal Dave Fradin as the beneficiary of a trust established so the cash-strapped couple could buy their home.
The celebrity pair didn’t see the harm in borrowing though, especially since LeAnn’s newest album Spitfire might be the savior to pay back their debt, but it turned out to be a bust.
“She was the hottest singer 20 years ago, but LeAnn, 32, didn’t manager her money properly,” says the source. “She burned through her $20 million fortune.”
While the families vacation together and the Fradins’ two sons are friends with Eddie’s boys, Mason, 12, and Jake, 8, they clearly haven’t forgotten about the money. Now, LeAnn’s husband, who is the CFO of his company, Majestic Asset Management, reaffirmed the debt in May 2015.
OK! Mag clarifies some of the issues – they say the money was borrowed in 2012, which means LeAnn and Eddie have gone three years without paying the money back or even making some payments to their friends. Apparently, the Fradins have also filed paperwork basically saying that LeAnn and Eddie need to pay them back ASAP or they will foreclose on the home. OK! Magazine also says that Eddie and LeAnn are so low on money “they can barely afford groceries!” YIKES. Could it be that I am more fiscally responsible and a better money manager than LeAnn Rimes? Probably.
Photos courtesy of WENN and LeAnn’s Instagram.
I completely believe this story. Leann was never taught how to handle her money properly (remember when she sued her father for stealing from her). She has been spending millions of dollars she doesn’t have to keep Eddie and now she’s in big trouble. It was a stupid move to borrow so much $ from friends. This will all end in a messy, expensive lawsuit!
It probably explains the recent round of “pregnancy” rumours – they need the money from selling the story
This
From what Dean said in an interview, she loved to spend like crazy.
I had no idea they borrowed that much money from a friend. So that means back in 2012 she had already blown through most of her money. Interesting…
Someone wrote that LeAnn suggested Brandy get a job at McDonald’s. She might want to get Eddie an application too.
I think Eddie’s money is Eddie’s and Leann’s is “Ours”…No wonder they were trying to get Brandi to pay back overpaid child support.
Agree Leann could pull herself together and make a strong run on the casinos and make a ton of cash. Of course when you have to babysit your husband’s crotch pulling yourself together isn’t really possible.
I doubt her dad “stole” from her. More like he watched the bank account while she was earning the money and when she got older, she wanted access to said account so she sued her folks. If I remember, it got really ugly. Now I know why her dad watched her money, she has no concept of budget and how to manage her finances.
Eddie doesn’t either since Brandi said in her memoir that his mama did all the accounts receivable and payable for the family. All the bills were routed to mama so Brandi did not know how much money they had. Yeah I believe this.
Such a waste of talent and money!
Anybody shocked by this? Anyone? Bueller?
LOL! Leanne is such a flake. I guess the couple they borrowed from won’t be friends for much longer. I can’t imagine asking to borrow that amount never mind lending it (if I had it)! Wow….
Ah, classic Ferris Bueller reference. I wonder if the kids will get it…
Yeah she seems like she’s always going on trips and spending money like crazy, plus she has a free-loader to support.
Honestly, $20 mill isn’t all that much by celeb standards. Jessica Biel probably has more than that.
The funny part is that not only is he lazy he also stayed unemployed to screw Brandy over. The only problem is he screwed his friends over too.
I don’t see where he stayed unemployed. He has worked every year for over a decade. Its true that there have been a lot of one-offs, but to say he stayed unemployed is a stretch.
I honestly don’t get why these two get so much traffic. He’s handsome and tall, but kinda ‘blah’. She’s okay looking (being generous) and moderately talented. But is having a messy private life enough to be famous these days? IMO, if one were to switch Beverly Hills with Cottage Hills trailer park, the conversation would remain the same.
No.
Bueller! Blue Marie, you make me so happy.
Bueller! Perfect.
It’s always nice when people owe you money and then you see them posting pics of their holidays or the expensive stuff they buy while they avoid you as if you were a deadly desease.
Tacky beyond limit.
True. If I knew they owed me that kind of money, I’d also really appreciate seeing Eddie turn down work like he did on their stupid reality show.
And furthermore, why did they continue to be friends with them? Are they that desperate for Z-list hanger-onner fame?
Yes. Have you seen that friend of theirs, Lizzie? Yikes.
Liz must be kicking her own a$$ for not sticking with Brady. She could have been on real housewives with her.
Instead she’s stuck with Cray Cray LeAnn.
Could you imagine how pissed off they must be to get to the point of foreclosure?
Sucks to be you Leann. Looks like the karma train is pulling into the station right about now.
that karma train is full speed ahead…at least she has her 7 real fans to comfort her
Th st number might be lower. Yesterday she posted a picture a fan sent her and LeAnn tried to pass it off as her assistant.
The young ladies ask to be acknowledged as the one who took the picture. But LeAnn denied,denied,denied.
Her haters busted her.
What a dumb thing to lie about. Thank the lady and move on.
She’s such a liar. It was the exact same photo, but with a different filter. She lies when the truth would suit better.
Which photo was it?
I think it was a picture from her last gig.
This isn’t at all surprising. He doesn’t do anything, and she probably cancels half the jobs she gets. A few friends just bought tickets to a concert of hers in a few months- I wanted to warn them that it would probably get canceled due to some sort of a dental emergency!
Lately, she has apparently been making her appearances (as she should have done all along). And it’s been crickets regarding this story. Very interesting.
I remember when she had a blogger kicked out of her concert. LeAnn made deputies escort her out. And made her assistant take a picture of the person.
The bloggers been very quiet. I’m surprised she hasn’t eviscerated LeAnn by now.
She’s actually not that quiet on twitter. She mocks her #chalktalk daily with a #dryerase talk. It’s hysterical. Really can’t wait to see this all blow up in WeWe’s face!!
That blogger hasn’t been quiet about Leann at all plus she amuses her twitter followers with her own version of the ‘chalkboard’..
I mean she hasn’t wrote a whole article about LeAnn going broke. I thought she would be all over this news.
@funcakes
That blogger has a collection of C & D letters from Leann’s attorney so that might be the reason she hasn’t jumped on this story (yet)
Last Friday I needed to borrow 40 bucks from my friend. I told her that I will have it back to her in one week. She said, I know you will and I trust you. I said thanks but I know for damn sure I do not want to owe money to a friend. That is only 40. I cannot fathom 350,000 and still not paying it back in 3 years.
Leann, you in danger girl.
Owing money to a friends sucks but I never let anyone borrow an amount i couldn’t live without. $40 is doable….$350k, what the heck is going on with these people? I thought Lizzie fun lips was the hangers on but I guess it was the other way around.
I don’t loan money to anyone, period. I also don’t ask for loans from friends.
I’m also down letting friends borrow books or kitchen gadgets. I never get that sh*t back. EVER.
Same here and add DVDs to that list. I dont know how many exercise DVDs I’ve lent out and I never get them back.
Oh yeah I got burned really bad when I was in college by a former friend. We would go out to group dinners and she would claim that she only had a $20 and can’t break it. So why don’t we pay her share and she’ll pay us back when she breaks that $20. She did this every single time! The suckers in us believed her. Well it’s about 20 years now and I figure she owes us upward to $200 (hey it’s a lot when you are starving college students).
After that I make it a point not to loan out money to friends. Nor dvds, kitchen gadgets etc. If it’s something I don’t want back then sure I’ll loan it. If it’s something I need, well nope, not loaning it.
Yeah, it takes one person to ruin the trust circle.
Same here. The only person I will ever borrow anything to is my sister and bestie, because I know I’ll get it back and that they’ll take good care of whatever I’ve loaned to them. I’m still miffed about the books I’ve loaned out to friends and family and never saw again! Lol.
As for money, nope. That is a slippery slope. I’d rather say no and have the friendship remain intact rather than say yes and never get paid back/have them coming to me constantly after that for more money. It’s not worth it.
I would never ask a friend for that amount of money. And for them to loan it to these idiots is mind blowing. I thought Flaudin was a successful business man.
And any smart business man know the number one rule is never to lend to friends and family.
I wouldn’t say he’s dumb. He didn’t loan it to them without all the right paperwork in place and means to recoup if they don’t pay up. I’d say that’s very smart in dealing with LieAnn and Ediot!
Unfortunately, if MeAnn declares bankruptcy, even if the people sue them, they won’t get a dime.
@ Kitten. I have been a little busy and I have not finished 50 Shades of Grey. And I promise you will get your blender back as well. ;).
You can keep 50 Shades of Grey. Actually keep the blender too. You can put 50 Shades of Grey in there.
I hear that blended 50 SOG has the same properties as arsenic.
lmao
@Kitten. Arsenic. Damn, I said I would give it back. Im in your area, I will swing by. Jeez.
I don’t lend money. If a friend needs money and I can afford it, I will give it to them as a gift. I never lend books or DVDs or stuff like that because I probably won’t get them back.
I do the same. I don’t loan, if I can give it I just give.
I lent a friend $300 recently and had to track him down to get it paid back. I felt bad because he’s going through a divorce. I also paid for our hotel and train tickets when we went on a trip and he promised he’d pay me back and apologized that it was hard to get him to pay me back the first time. After a couple of weeks went by and I saw numerous pictures of him on Facebook out at bars, I asked for a time line and he flipped out and won’t speak to me. I’m apparently all about money. We literally haven’t spoken now in three weeks, and this is someone I considered a very good friend, and I’m not inclined to speak to him anymore. All he had to do was be honest if he didn’t have the money but instead he used this as a way to not pay me back. I learned my lesson.
Yeah. He should have at least offer to pay you $20 or $50 a week.
Just consider this lesson learned, move on and never look back.
@funcakes Agreed. I now know his true character
So if she’s broke he should be leaving her soon I don’t him staying for the long haul if she’s done. Unless he hasn’t bagged a new money honey then maybe — I mean he is getting older so it might be harder this time around.
Honestly, who actually wants him besides Leann?
Schadenfreude: Exhibit A 😂
The math has never added up when it comes to their finances. Both Dean and her father indicated she has questionable money management skills, and Brandi claimed that Eddie liked to live beyond his means.
When you have to borrow money from friends to buy a home, it should be clear you probably cannot afford said home.
It’s always been overstated, too, how much she is worth. Everyone throws out that 41 million net worth figure the internet gives. But that number comes from the lawsuit with her dad, where it states she made that much, prior to paying her managers, the studio, etc., etc. The actual final number was 8 million. And she started blowing through that once her mom took her to LA and let her, at 16, start buying and supporting older boyfriends and their friends. (sound familiar?) hahaha.
Eddie probably has everything set up in a way that Leann will take the the fall for everything. Im sure his hands are clean
And dear I say the reason every woman that Eddie has cheated with has not come forward is because her receivces “GIFTS”.
A lonely Hollywood rich wife that may not want the husband to know. And if its a wife of someone in the industry and he thinks that’s a foot in the door. He can AUDITION for her and then she give him GIFTS for a thank you.
Doubt MeAnn knows what’s going on in terms of the family finances. Probably all debts are income are routed directly to Eddie’s mama – just like when Brandi was married to him.
Who the hell borrows that amount of money from friends?!
And I do feel badly for the friends but I also feel like if you throw your money at a train wreck couple then you shouldn’t really expect to see it back. Dumb move.
It sounds as if the house is the collateral for the loan. So if the friends want to foreclose on Leann and Eddie, they will get their money back, and L&R will be on the street.
That would only work if they were first in line and the house is worth more than the first mortgage and this loan combined. If it is worth less than what they paid for it or they have a line of credit secured by the house, the Fradins are Freuden-screwed.
They should get a JOB like the rest of us!
So LeAnn thought Spitfire was going to bring in the big payday???
Oh Karma, you really are a bitch!
A decent amount of hustle, out of both of them… for a year to 18 months. They could have a nice pile of cash. And no debt. And that is a friggin gift, to be in that position.
There are so many made for TV movies done monthly for the cable networks. Just so much originally programming in general, for all kinds of formats from cable to Netflix. He is not working, simply cause he doesn’t want to. He is a decent actor with a great face and lots of charm. He is not going without offers. He could probably make a decent living, just doing guest star of the week roles for network shows. Does he need a new agent? Or is he ignoring him?
Nor is Le Ann lacking for job offers. And if she wants to keep that life style and him… she will get her hustle on. And work like a dog for the next year. Get that loan paid back.
I am not so sure about those job offers. LeAnn is hustling but all her hustle is bringing her is casino and truck stop gigs.
Ya but the casino circuit is super lucrative – tons of b-d list musicians do it solely for the cash.
Basically the casinos bring in performers for free shows in order to get more people in there to gamble – they make the money off the gambling proceeds so no need for ticket sales.
They also like the musicians to play shorter gigs so there is more time for people to get out there and gamble.
If LR were less lazy im sure she could make back the $350k in no time if she put more effort into doING a bunch of shows on that circuit – though it seems like that is starting to happen now.
The drawback of course is having to.deal with creepy audiences and ultimately you are playing constantly in the middle of nowhere. Still – could be worse.
I don’t think they have to worry about Leann playing any gigs that are too long. Just saying…
I don’t think either of them will admit there is an issue (either to the public or to themselves). She is convinced she is a superstar who is in high demand.
They really are in a position to quickly make some cash, but they both strike me as the types who are lazy at the core and make excuses — Well, I don’t want to be away from the kids. I don’t want to properly tour because I need to be with my spouse, etc.
I know people like this in real life, and their ‘problems’ could be easily solved if they would inconvenience themselves to WORK and not spend money like water when they have it.
” know people like this in real life, and their ‘problems’ could be easily solved if they would inconvenience themselves to WORK…”
~~~~~~~~~~~~~~~~~~~~~
OMG! Do we know the same people?!? hahaha!
Maybe we do. Actually, there seem to be quite a few that fit this description in my neck of the woods.
I doubt Eddie is getting any offers, and he’s too lazy to get out there and hustle for them
She should sign up to do shows in Vegas. That automatically brings in the cash. Whether she can sing is another disputable matter.
she could probably hook up with a residency in Vegas – not to the extent of a Celine Dion or Britney Spears, but one of the smaller casinos could her sign her on for a year. She could do fairly well. But that would mean not having an eye on her hubby 24/7…
I just saw him on “Baby Daddy”. I’d completely forgotten that he’s actually pretty likeable and uhm, hot, on screen. He could pull together some kind of carreer again, if he wants to!
The only reason I know who Eddie really is… was because I watched Third Watch. It was a fireman/cop show in NBC. That I had loved.
He then ended up on Ugly Betty (which I loved too!)… right after the NBC show. He was every where, for a while. That is why I believe he is just screwing around now… avoiding having to hustle.
He is not a bad actor. And he does have a lot of charm on scene.
But the lazy thing seems to be really in play…
Either one could do Dancing with the Stars – that will bring in a couple of hundred dollars. While they’re at it, how about Wife Swap, Celebrity Family Feud or similar shows? I don’t know how much they pay, but at this point, they should try to earn as much as they can, wherever they can.
Dancing with the Stars would not take them. Really, not just anyone will be taken on Dancing with the Stars. I know it seems so, but you either still are interesting to the public, which they aren’t as much as the ones in line ahead of them to get on the show or you’ve got to have an insider game like a kid who has famous parents who promise interviews and other things to get their kid on.
And also their drug habits make them a bad risk.
I just wonder too…if you are behind in your Botox payments what do they do? Because she never misses it.
Those shows are all for charity though, the celebrity doesn’t get anything at all. They pick a charity, say the RSPCA (or SPCA for America) and if their prize is $100,000.00, that all goes to the charity of their choice. The celebs always have to pick a charity, Family Feud, DWTS – none of them get any money themselves. It’s a celebrity-charity event.
Makes sense…I think LeAnn was stifled mentally and emotionally at age 12…she is like a child and cannot manage money or her life. Like a child, she wants, what she wants, when she wants it! She doesn’t care if she can’t afford it or if it is a married father of two (of course, Eddie is the one at fault for ruining his marriage and family life), But, remember how she stalked him, after their dalliance on the set of their horrible movie. I want, I want, and I don’t care about anything else!!! And, of course, Eddie is just a selfish douchemaster!!!!
she is emotionally stunted at 16…they way she acts and behaves…reminds me of teen girls not a 30+ year old woman
aww, dont give her that much credit! 16? More like 14! Being the child star, there was nothing anyone could say to convince her the money was not going to be rolling in all her life, she is a special snowflake after all. Her Dad tried to help her and she just sued him. Dean tried to say something and she ignored him, afterall money was prolly still coming in in 09. Blotus herself has said no one can tell her no because she will do it anyway just to prove that person wrong! Some of this is her parents fault for not teaching her values but at some point she needs to grow up, she is not 14 anymore and there are way better singers than her. She was the first to get an Emmy at 14, but there are younger, successful singers now at that age that dont act like immoral, lying, cheating, borrowing, hasbeen, home wreckers!
They should have bought a house they could afford, and their friends deserve to lose this money, esp being in the real estate business themselves. There was a reason the bank would not give it to them.
Even Unicorns are not that special anymore
I think Dean mentioned he tried to rein her in. Toward the end of their relationship, he was acting more like a manager than a husband. He constantly had to tell her what to do etc. Yeah she’s stunted all right.
Behold…Tori and Dean’s stunt doubles.
^THIS! I am waiting for a garage sale to happen any day now to help pay the bills. Tori and Dean had one not to long ago and it really showed how bad off they were.
Lol oh yeah, I remember Jason Priestley being amused and a bit miffed that they put their wedding invitation from Jason Priestley in the garage sale. Wow. Who does that? Especially someone who was your colleague and friend? That was so so sad and pitiful.
Ha, ha, ha. I always knew that they lived way beyond their means. Their mortgage is huge for a house that’s pretty low rent by celebrity standards.. The fact they couldn’t borrow enough to buy it and had to get so much of their down payment from friends, says a lot. They probably aren’t even making any payments and will have a huge baloon payment looming in the future. No wonder she’s taking the gravel pit gigs and recording under a blanket in her living room. Their vehicles, other than the one Brandi’s Dad gave her and Eddie, are all leased as well. I imagine their consumer debt is massive. How enbarrassing for them to be exposed like this and how hilarious that Eddie bragged about how much money ” they ” had while promoting their failed reality show. LeAnn bought herself a husband she ‘s not going to be able to keep. Eddie has nothing. She’ll be the one left holding the bag when they call in the loan.
will she let Eddie out of her sight to do a few movies??? I assume his money is his money.smdh
or does he not work to get out of paying a decent amount of child support??
has Eddie siphoned her money in small amounts over the few years they have been together??
Eddie is slick yall, LOL
Ooooooohhh, cakecakecake, it’s like you read my exact thoughts! From what I’ve read on here previously, she’s ditched a lot of jobs because she doesn’t, and can’t, trust him to behave while she’s out working. So, clearly, the solutions is to simply not go to do her work.
There are lots of men who either under-work or don’t work at all, in order to avoid paying child support. It’s a despicable act – taking deliberate steps to not support your own kids. What a dog.
I’ve advised a few girlfriends who found themselves married or involved with wealthy me who treated them badly, to start a fund for themselves, by saving small amounts of money so they’d have a decent lump sum to set themselves up when they finally left or got kicked out. If dumb old me thought about this, I’m sure a snake like leann’s bloke thought about it first…
How dumb/needy/desperate is Leann Rimes? How can she tolerate such a lazy, cheating, smarmy git? The fact that he doesn’t bend over backwards to support his own kids is reprehensible, and the biggest red flag ever of just what a deadbeat he is. This is going to have a very messy and embarrassing ending, on all fronts.
It’s all about LeAnn. As long as he lays on the charm with her, he can treat everyone else like dirt.
She remind me of women who.marry prisoners,fight to get them paroled then are shocked when the convict leaves them in the end.
This couldn’t happen to a more deserving couple. Im guessing their ‘friends’ are the source of the story so some serious BS must have went down btwn them.
That said, LR was hardly the hottest singer 20 yrs ago. I really dont think too many ppl outside of the country scene know who she is now or back then. I know I didnt until I started following her psychotic antics on here a few yrs ago. I only vaguely knew her name and 1 song, I never even knew she was in Coyote Ugly even tho I do remember that movie, I dont remember LR in there. She may have been a country novelty act in the beginning b/c she was so young but outside of that she’s barely known even with her 2 grammys that are in categories nobody pays attention too.
If my mind serves me correctly she appeared at the end of the movie sing some “Moonlight” song on the top of a bar….not that this matters very much.
Jane, I was asking my daughter about this the other day! She used to watch TV Hits, or whatever it was called, on Aussie TV when she was 14 or so, and doing her homework. I remember seeing that film clip of Leann on a bar and telling my daughter that Leann used to be a “wholesome”-looking and talented young girl, but in that clip she looked grubby and sleazy. Last week my daughter reminded me that song was from the film called Coyote Ugly, but I can’t remember the song title. Leann was veryy popular in Australia in her heyday, and I know several girls who were inspired by her to try their luck on the country music scene here.
Just checked. The song was called “Can’t Fight the Moonlight”.
B!tch better have my money! Sorry, first thing that popped into my head when I read the title.
http://www.youtube.com/watch?v=gzKAut3sVrw
How can they foreclose on a house if they only owe their friends money? did their friends cosign on it? I’m just confused but couldnt have happened to a better couple.
If I understand the two stories I read correctly, his friends loaned them enough to secure a down payment on a larger mortgage. They apparently filed a deed of trust for what is basically a second lien on the home.
My assumption is that if the borrower cannot pay the second mortgage, they have no significant liquid assets and may have to sell (or be forced to sell) the house.
same way a bank can if you have a 2nd mortgage or a home equity line of credit and default on it even if it is a nominal amount compared to the house’s value and you’re current with your mortgage.
This is actually quite sad since Eddie has children and their mother just got fired and keeps posting about having no money and nowhere to live. I was hoping at least Leann and Eddie were providing a stable home with money for expenses.
Interesting, who are you talking about? Because that’s not Brandi’s situation and not what she said. At all.
You can’t put Leann and stable in the same sentence, can you?
Sure you can- horses belong in stables 🙂
I have to confess one thing: I really was taken for a ride with this one. I was under the impression that the couple who loaned them money were “hangers on” when Leann and Eddie went on all these vacations. It always struck me odd that a couple would go on a romantic (HA!) getaway with friends most the time.
Leann and Eddie used to go on these expensive trips to Cabo and ski trips to Aspen (I think) and there was that couple. I felt that Leann was footing the bill to “buy” her “Friends” and shove the wealth in everyone’s face to show how utterly spectacular she was (only in her mind, folks, not mine).
After looking at this, Leann and Eddie were the “hangers on” and these friends had to have footed the bill. Leann had to insist on the photo-ops with the paps to keep the charade up all the long making people think she and Eddie were so blooming rich they were asking friends on these trips.
I knew something wasn’t kosher recently when she started taking these camping trips in a camper and no more lavish trips to Cabo, skiing, rented boats with Leann posing in a bikini. She is playing county fairs, truck stops and festivals where tickets are free.
At the same rate, Leann has been plugging products on her Instagram and Twitter. Does anyone know if celebs can actually get compensated for that?
Do I feel sorry for her? H*** no. The KARMA bus has arrived. Not a train because I don’t think she can even afford one of those.
Both of them need to seriously group the h*** up and start working considerable days and save instead of spend .
Plugging products and begging for free products on Twitter has really ramped up with her lately. It’s embarrassing to watch – she just begged for a free tent from a company the other day. Tacky.
It is super weird that they can’t vacation by themselves. EVER. I think it has more to do with Eddie wanted a break from the clinginess, personally. It should be noted though that this couple has been friends with Eddie for a very long time. The wife that Leann claims as a BFF was also a BFF of Brandi’s. And she’ll be BFF of the next woman Eddie gets with too. Leann will be left with nothing because she has no real friends.
I wonder if Ediot put Lizzie Lips and her hubs up to calling this story in? I know he and David (?) have been friends forever. I wonder if the house is in LR’s name only or if she has Ediot’s name on it too? It would be kind of funny if it were all in her name and he’s behind his friends going after her house.
Me thinks there’s a lot more going on behind the scenes with their finances than just this. Maybe this is also Ediot’s way of trying to break away.
@Claire…you’re kidding….begging for a free tent? OMG…Wait, perhaps when she and Eddie lose their home that will be the only place they will have to sleep. As for the clinginess, I agree with you 100%. She hangs on him constantly in so many pictures. It’s so “put on” for show how much in love they are with each other (Gag me)
@Jane You were not the only one who was duped. I completely thought those people were the hangers on and LeAnn was footing the bill for everything. Kinda crazy to realize that LeAnn and Eddie were the moochers.
@Tate-glad I am not the only one.
What is interesting to me is they were only qualified to borrow 2.1 million, but instead bought a $3 million home, with not enough money to offset the difference. They had $550,000 cash and used it to put down on a home. That’s not chump change. Why did they buy above their means, having to borrow $350,000 from friends to make up the difference on a $3 million home? If you borrow money you can’t pay back, the logical conclusion would be you should buy within your means. Buy a $2 million home oand keep a little money in the bank also. What a novel idea, living within your means. Poor LeAnn couldn’t face a downgrade in living.
I don’t believe the bull in there that they can barely afford groceries. Come on.
I never knew Lizzie and her husband had that kind of money laying around. So much for the theory LeAnn paid for all the trips. Obviously, the couples were capable for years of paying their own expenses for the trips.
Would have been cheaper to buy a condo.
Ya for sure – they must be living well above their means because she probably gets $40-50k per each casino show… her take home is likely half that, so even a couple shows a month is a very decent living.
Why did they buy above their means? Because LeAnn is all about appearances. As in, constantly trying to convince everyone she is the one and only true love of Eddie’s life, she is the best stepmother ever, she’s a better mom than Brandi, she’s the “sane side” that B’s friends migrated to after the divorce (Liz’s bio for the failed VH1 show said this- I’m sure LeAnn herself came up with that one), she is still a huge star because of her 20 yr-old Grammy awards, she is inspirational (her chalktalk nonsense), she always takes the high road, and she has TONS of NEW and EXCITING(!!!!!) projects coming up that she just can’t tell us about yet! Should I continue? Lol.
She is delusional- we all see her for what she is, which is someone who was once pretty successful and probably had the potential to do much more, but threw it away by acting like a reckless nut and throwing her money away while paying no attention to her career. So now, she is running out of cash and job prospects, has a dwindling fan base, is married to a serial cheater, competing against a woman she will never “beat” (Brandi, who despite her faults will always be her sons’ mother and Ed’s ex, no matter how hard LeAnn tries to erase her), and now her “friends” are starting to call her out, too. What does she have left? Not a lot, but she thinks we are too dumb to see it because she works so hard on keeping up appearances!
We really should start calling her Hyacinth Bucket (um, Bouquet….whatever! lol), she tries so so hard to keep up appearances but she always fails, even if it is the truth that trips her up and not trailer-type relatives.
The friends providing the remaining down payment is the surprise in this. However, I have a mortgage underwriter friend who talks about the ‘appearance’ of money. Sometimes people buy above their means just to have the appearance of wealth when they are in debt to the max.
They should have listened to what the bank told them they qualified for. They may have even shopped around to get approved for that amount.
At least the friends filed the deed of trust for their own protection.
That is so true. I have been around couples I thought had it all. They had it all all right, high-limit credit cards maxed out, McMansions they lived in for show, Mercedes leased, on and on. They literally had very little assets worth anything, because everything is leased or mortgaged to the hilt or wining and dining and designer shopping on credit cards to impresses the Jonses. When the divorces start is when you find out these couples or neighbors were living a lie.
My understanding is that Federal law changed in early 2014 so that now you cannot borrow any part of the down payment. That $350,000 would have to be a gift.
They bought the house before 2014.
The article says they got the house in 2012.
I haven’t read the articles, but who exactly signed the papers? Will she be left with the debt or with they both have to pay it back? Guess this explains why his child support is $1000 a month for two kids…
I’m betting LeAnn has her name on everything. No way Eddie’s getting his hands dirty in any way.
I agree. Her soul mate will saddle her with the debt when all is said and done while he walks away. She is such an idiot.
People make fun of her casino gigs, but there is absolutely no shame in the casino gigs. She has very little overhead expenses in her show and you can make a good living from that, if she did enough and showed up. I’ve seen plenty of ’80s bands, where the singer/songwriters all have mansions, out doing some gigs. They aren’t poor, far from it. One of my favs has an England estate, a big home in California and apparently two other homes and gets great songwriting residuals. But they’ve gone out and done mini tours in the states in places like casinos and the Wiltern. They are bigger out of the country. They barely tour, but they aren’t ashamed of their small gigs in the states.
And many of these free gigs she plays at, the fee to her is a decent amount. No shame in that at this stage of her low-level celebrity. The problem is, with her financial state, she needs to get out there and really do the circuit, not her laughable tours, one or two shows some months. To be profitable, you take your band on the road and do a lot of gigs .
I live kind of near a casino area, and it’s amazing some of the acts that come through there. There’s some big names (and some people I thought retired decades ago!). I’ve seen a couple of great shows there, and the music scene is trying to expand, which I’m hoping succeeds.
I don’t think there’s anything wrong with playing smaller venues or festivals, if you put on a good show people will come and enjoy it, and that’s what matters. Her work ethic, and ability to actually go through with the stuff she agrees to do, seems to be seriously lacking though.
I agree a hundred percent with your post.
The small casino in the little city I live in pulls in a lot of decent and interesting acts! Entertainers who are actually famous and respected.
Yeah but those people are probably playing a lot of shows a month. She does like 2, at the crappiest places imaginable. She doesn’t even book them near each other. They’re illogically plotted out and all over the map, spread out throughout the month. Terrible planning, terrible booking – all because she is codependent and can’t let the guy alone for a second.
She could easily play in Branson, MO, and sell out every night. There are tons of “has-been” country performers there, and they make a great living putting on shows. Heck, even Barry Williams (Greg Brady) has a show there, and people love it!
Ya exactly – but at the casino stops they don’t even need to sell out in order to make the big $$$. That’s why so many bands – even bigger names – are playing them – it’s easy cash, though I guess you have to sell a bit of your dignity (and maybe some of your ethics, depending on how you feel about gambling) as well.
Casinos are known for overpaying performers in order to profit off gambling dollars — they’re upsetting the balance of the touring market a bit as a result.
Bitch better learn to shop at Costco and walmart
Yep, I laughed out loud at this one and spit my drink out everywhere. Imagine Wewe shopping in Walmart- for ONCE in her life, she wouldn’t be the worst-dressed person!
Leann Rimes meet cautionary tale.
Social media is her down fall even as she thinks it’s her lifeline.
Even though she has a legitimate talent, all the potential in the world to have been an established player in the music biz, she threw it all away for a guy. Still so young, she has decades left that need financial support, with or without that deadbeat by her side. What will she do?
I personally couldn’t sleep at night knowing there is so little to look forward to, besides the scraps from the Z-list table she is getting… And no number of stupid inspirational claptrap sayings will change this. She’s like the desperate characters that pass on chain letters promising money and fortune; praying for a magic money tree to solve their problems.
There ain’t no cure for what she suffers from. She will continue to live a life of desperation, and we will continue to be witness to her increasingly desperate antics. So silly she doesn’t realize that as much as she tries to put out the “ain’t life grand” image, the very platform she’s using is happily exposing her as a fraud every step she takes. It’s madness, really.
“all the potential in the world to have been an established player in the music biz, she threw it all away for a guy.” She was a d-lister and her career was bottom of the barrel long before she met Eddie.
I remember she opened for Kenny Chesney’s arena tour back in 2008 – a year before she met Eddie right? So far from a D-lister…. I think she also had an album that sold quite will that year.
Her star had greatly fallen. My point is, people act like she had a huge lucrative career and was a big star when she met Eddie. She wasn’t. Her star had already faded. She already had a reputation at that point for being difficult, bitchy, flaky, canceling gigs, being messy and suing a lot of people, acting like a jerk at awards shows, etc. That did not all start with Eddie.
Opening for Kenny Chesney versus playing at truck stops now… Wow, she really has thrown it all away on a loser of a man, hasn’t she?
I think she should dump Eddiot and write a redemption/apology album. Who knows, it could be a hit for her!
I seriously want LeAnn to hire me as a life coach. Call me, LeAnn. You need a steady mentor who is grounded in the real world, who will help you straighten your shit up and get your life in order. You have real talent – that talent should be nurtured. You can rebuild your career. Call me!
I’m kidding, since I don’t think I could last around her for 5 minutes. She does need a good life coach though.
So agree! This woman-child needs a REAL life coach, one she will actually listen to. What she’s doing now is obviously not working for her, but she keeps on continuing with the madness.
I am sure Eddie is planning his exit strategy as we speak. He just needs to find another desperate woman with money he can glom onto.
So the “Princess and the Peen” don’t think they need to pay back their debt? I can bet the only reason the Fradin’s haven’t taken action yet is because of the Glanville boy’s. Eddie made sure his boy’s need’s weren’t met when he started paying his measly $1000.00 in child support to their mother, which by the way, he tried to reduce. Yep, Leann and Eddie…the perfect match.
Couple of slime balls
Brandi said she can’t afford groceries…..now Leann and Eddie can’t afford groceries. Wow.
I guess they don’t have an Aldi’s or Shop’ n’ Save out there.
I’m just wondering if Dean is smiling at all this knowing he is the only one coming out of the whole fiasco on top? He has a steady job, financially stable, a new wife, no drama and seems liked a h*** of a lot more than Leann, Eddie and Brandi.
Glad he got out of this mess while he did. He was the only one who could semi-contain her when they were married.
Ever since they got divorced she has been an active volcano of destruction. I am still waiting for the full Mount St. Helens blast, though. I just hope and pray that the children won’t suffer, though. That would flat out p*** me off.
Losers of hollywood!!! They are the biggest joke right now. No wonder Eddie boy was trying to get Brandi to repay back “overpaid” child support. They were strapping for cash.
I have to wonder who made this story public in the first place. I’ll bet $$$$$ on the friends who are owed the money.
I feel her entourage has been selling stories for years. I think they see her as a bigger joke as everyone else therefore stick about for shear entertainment purposes.
I bet they can got even more information after some Don Julio.
I have had similar suspicions about the entourage being a source for some stories, including this one. My hunch was that they might be splitting the money with Eddie, but now it appears they may have been just trying to get their money back.
Think of the lost return on that amount of money over three years. They may foreclose on the ‘bargain casa’ to recoup now, because three years is enough time to repay a chunk of that loan.
The crickets from her social media suggests this is probably serious stuff.
I am FAR from being a LeAnn fan but is this the same Lizzie (and husband) that she treated to numerous exotic vacations? Maybe LeAnn feels that is payment in itself.
Thats what everyone assumed, L & E treated Dave & Liz to vacas, it seems now it was the other way around.
I always find it amusing when women pair up with leaches who never pull their weight. Just like Tori Spelling with that Dean character who never seems to work. This guy Eddie, I wouldn’t have any idea who he is except for being the guy she cheated on her husband with and whose ex-wife is on a reality show. I grew up on a ranch living a simple life, so I always laugh at people who spend their lives and money keeping up with the Kardashians.
Their home is really beautiful. I hope they can pull their sh** together and not lose it:
https://www.youtube.com/watch?v=ZJG6iiWbv74
Think about all the money Leann has borrowed from her father and her manager BFF Darrell. The money for the vacations came from Wilbur and Darrell. Right before Leann took Eddie and Lizzy on vacation, she would reunite with her father.
Leann took Eddie and another one of his friends on another vacation. Like every vacation, Leann has spent it on twitter and instagram, mainly obsessing about haters and being judged by her haters. Leann is on vacation with her man, her soulmate, her baby, why is she on twitter and instagram worrying about haters? Eddie and Leann are not alone in the desert. Kiki is in Brazil. Lizzy is home nursingher injured hand. Elisa doesn’t seem to hang out with Eddie and Leann that much, maybe she is pregnant again because when she was pregnant with her daughter, she stopped spending time with Leann and Eddie. Who is in the desert with them?
The reason Leann keeps calling Jake “mini me” is because it’s what Elisa calls her daughter. For Father’s Day, Elisa posted a photo of her husband/boyfriend holding her daughter while outside in the driveway of Leann’s house. It’s from the day that Elisa took a photo of her daughter with Eddie sitting in Leann’s backyard.
Lizzy and Leann are still in contact with one another, they are commenting on each others instagram posts.
She’s now insisting in response with her “someone’s got smarts” tweet that “Deed of Conveyance” means she paid it off or bought the house or something. Who knows, she’s bananas.
Even if they did pay it back, it was just paid off in May. It took them two and a half years to pay back what they borrowed for their down payment. They are living way beyond their means. I’m sure they have a huge balloon payment for their mortgage, looming in their future as well.
It is telling that they (allegedly) had to borrow that money in the first place. It isn’t like they are just starting out.
If it was a release of the deed of trust that was recorded in May, why did she not immediately quash this story? I would think she had a heads up days ago that this was going to be published. Is she that desperate for publicity?
Yes, she is that desperate for publicity and attention. She has no dignity and her life is all about artifice. Any time she’s on or in a rag mag is a good day for her. They did borrow the money and it did take two and a half years to pay back. If they were as wealthy as Eddie tried to imply, they wouldn’t have needed the money for the down payment and wouldn’t have needed so much time to pay it back. Whose to say the friends didn’t have to demand they pay it back?Eddie sure likes to live off of other people’s money doesn’t he? The guy rarely works and gets everybody else to bankroll a lifestyle he hasn’t earned.
I dunno – only 2.5 years to pay back $350K? I know I could never manage that though I have no plans to borrow $350K anytime soon (won’t be buying property in my area)…..
It seems like a reasonable, actually fairly short, length of time – it means they had about $100K extra for repayments every year…. most people in the USA don’t even make anything close to $100K a year in gross salary.
Of course they could have done something like remortgaged the house in order to pay their friends back – then they’re still in trouble.
My point is that the very fact that they had to take out such a huge mortgage and coukdn’t come up with the down payment is very telling. They coukdn’t get a bigger mortgage. Both Eddie and LeAnn have bragged about how rich they are, so the two and a half years to pay back the loan is actually a long time. They also have their mortgage, car leases and consumer debt, That’s a lot of debt. It’s not like they were a little short of liquid assets, borrowed the money and paid it back a few months later. It took them years. Eddie obviously contributed nothing. He pays the least amount of child support possible because his income is so low and she’s not exactly commanding top dollar to perform. They are obviously living a facade. Brandi has said that Eddie wanted to live a luxe lifestyle whether he could afford it or not. Obviously nothing has changed.
Dave & Liz reaffirmed the debt on May 2015, it hasn’t been paid. Usually what that means is, both parties have agreed the debt is still owed, and it usually happens before a BK.
please tell me BK stands for bankruptcy
oops why yes it does. LOL go google reaffirmation agreement, wiki comes up or for that matter any article will tell you what it means.
The fact they had to borrow is the hilarious part. How embarrassing. But I do think we’re looking at it wrong and that Star is explaining it wrong: I think the document that Star thinks is their friends reinforcing that the loan is out there and needs to be paid up, is in fact a document transferring the house back to them because they did pay it off.
I’ve Read this entire thread and still I can’t get past that second pic and thinking…”awww…look how much that horse loves its owner.”
It’s that smirk she has on her face that reminds me of a petulant, self-centered teenager bragging about her new boo. And those line in Eddie’s forehead??? Geez, she really put wrinkles on this guy!
Ah-SNAP! A sinking ship (Leann)?? Eddie (Rat) you know the drill…
Cocaine is a helluva drug,
U know something we don’t ??? spill please
Wow, I’m truly shocked by this, they claim to have so much money but needed to borrow this much years ago?!? Crazy. No wonder she’s working these truck stops gigs, lol, karma got her ass! Eddie will be gone before long, if she can’t keep up his preferred lifestyle he has no reason to stay, we all know he ain’t in it for love.
She blew it all on bikinis.
Does anybody remember this from that tome of wisdom, Drinking and Tweeting:
“If I could peer into a crystal ball, I imagine I would see an ever-growing list of canceled tours, concerts, and appearances in her future, for fear of leaving her husband home alone.”
I don’t want to but, HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.
Sorry, but Brandi called it and it’s kind of delicious.
WOW, That says it all.
Can someone with knowledge tell me how this definition actually relates to the document being publicized? I have never seen one of these before.
Lean is intimating that this document says it WAS paid back, but if that were the case, wouldn’t the beneficiary be different? I’m so confused.
“Substitution of Trustee & Full Reconveyance
A combined document where the lender substitutes a new Trustee and the new trustee executes the Reconveyance or releases the loan that was a lien against real property.”
Is that what the document says? “Substitution of trustee & Full REconveyance”? WIth their friend as the beneficiary and them as the trustee?
That’s basically a release of lien – it means they paid off the loan and have full title to the house.
On the top it also says “Reference: Deed of trust, Fixture Filing, …etc etc and then:
“Trustor: 5565 Bonneville Rd Trust, Dated November 28, 2012”
“Trustee: Chicago Title Company”
“Beneficiary: David Fradin”
“Dated December 19, 2012”
Amount, 350k.
What does it mean that Fradin “reaffirmed” it in May this year?
From what you say about that doc, it looks like they paid it back.
“Reaffirming” a debt is only used in the context of bankruptcy law. Basically, if a person is going to declare bankruptcy but they don’t want all of their debts to be discharged in that bankruptcy – ie., they want to pay back one of the debts they owe even though they’re declaring bankruptcy – they will sign a reaffirmation agreement with the creditor which protects that creditor. That way, the person would still owe the creditor the debt even after they declare bankruptcy. if that agreement didn’t exist, the debt would be discharged – the bankrupt person would no longer owe it.
There is no reason to “reaffirm” a debt if the debtor isn’t declaring bankruptcy – normally if the debt is registered on title, that’s enough protection for the creditor.
Is there a reaffirmation agreement out there that you’ve seen? To me it doesn’t make sense that there would be both a Reconveyance document and a Reaffirmation Agreement – as I said, the Reconveyance means they’ve released the lien by paying off the debt, whereas a Reaffirmation Agreement means they will declare bankruptcy soon.
Also the creditor – in this case presumably Eddie’s friend – doesn’t “reaffirm” the debt, the debtors – presumably here Leann and Eddie – do. The debtors make the choice – for personal reasons or whatever – that they want to protect one of the creditors when the debtors declare bankruptcy. And normally – for most types of loans – debtors have complete choice in this – they can choose to change their minds about it within a certain time frame prior to the bankruptcy. In that case – if they change their minds – the debt will be discharged.
People are accusing her of going on one of her alias’ explaining how the loan was paid off.
Whether the loan was repaid or not fact are facts. They are so financially strained that they had to borrow the money.
Leann is working a worldwind tour without cancelling which sends up red flags.
Their lifestyle have gone from exotic vacations in faraway places to travelling in a RV.
She’s singing in low rent venues were they have to eventually have to give away tickets.
Leann can spin this anyway she wants but it Obvious she and ed are financially unstable.
How did you find that? LA County doesn’t have their deed records online. You have to go in in person and pay to buy them or pay a service to access them for you.
Ok published one of the documents . Ok wrote that a request to repay the loan was file in May of this year. That has not been published that I know of. I’m sure someone would have posted that also. You have to refer to the OK website. I’m shocked Smoking Gun has yet to post the documents.
Maybe Eddie’s gambling habits are also to blame?
^This could certainly be another reason. However, I never saw pictures of him gambling, so I personally wouldn’t know anything about it.
Oh I see, that’s the original document but the debt was “reaffirmed” meaning they still owe it. Now I understand why it’s news.
On the OK website they wrote that in separate documents a request for repayment was file in May 2015. Which means it’s not paid off.
Right. That’s a lot to be owed. They’re probably sick of waiting to be paid.
Leann and Eddie’s finances have to be a disastrous mess. Both always lived beyond their means before they met. Can you imagine now? I think Eddie is not marketable as an actor because of public’s dislike of him and he’s lost all hotness he had. Leann ruint what career she had with cancellations and laziness at performances she did show up to. Seems she no longer gets big nice casino gigs. She only gets the ghetto out of the way casino gigs. Doubt small gigs she is playing at pay more than few thousand dollars. All the lies come to light. Eddie said they had so much money they didn’t have to ever work again! If they are that hard up, why doesn’t he sell some toys. Bet they owe on all those too. Collateral for loans. Borrow to the hilt then file bankruptcy. Sounds just like something they would do.
That last photo of Eddie flexing is ridiculous. “I’ve blown through all of my wife’s money but it’s ok, check out these guns!!”
In the bigger view, why do these people (Leann/Eddie) even matter? They are not role models. They do not believe in anything more important than “self”. Their scramble to be successful in their own minds has desensitized them. IMO each of us leaves a legacy that is the basis for others to build upon or strive toward. What future talent would say, “When I grow up, I want to be just like Leann Rimes”…?
Her story has been tainted by her choices; but heck, it’s still her choice.
They deserve each other and everything that followed from that selfish decision and the callous way they’ve handled it ever since. Let the karma parade begin!