Baldwin and his wife Kenya defaulted on paying $824,488 to mortgage holder Bankers Trust Co., according to The News, which added the couple also owes National City Bank additional money for a separate mortgage.
In addition, Baldwin and his wife reportedly may owe "tens of thousands" in unpaid state and federal taxes on the property.
Baldwin purchased the circa-1850 home and 1.4-acre property for $515,000 in 1997 and subsequently attempted to sell it for $3.4 million in 2006, but was unable to find a buyer.
The auction is currently slated to occur on June 24 at Rockland County Court, according to The News, which added Bankers Trust will receive the first $824,288 brought in by the auction, followed by National City and taxing agencies.
In addition to his current stint onI'm a Celebrity... Get Me Out of Here!, Baldwin has also appeared on both seasons of Celebrity Mole, The Celebrity Apprentice's first season, and Ty Murray's Celebrity Bull Riding Challenge.