Baldwin's home in Upper Grandview, NY will not be getting auctioned off in a June 24 foreclosure auction after all, Baldwin representative Brad Taylor toldPeople in a Monday report.
"Stephen is presently going through a legal situation regarding his mortgage and that situation is still in process," Taylor said. "No auction will be happening and all things related to this matter are being handled by his legal representation."
News that the home was scheduled to auctioned in a Rockland County courtroom later this month had first surfaced via a local newspaper report on Friday.
According to The Journal News, Baldwin and his wife Kenya defaulted on paying $824,488 to mortgage holder Bankers Trust Co. and also owe 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, according to The News.
In addition to his current stint on I'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.