Will Kevin Spacey Be Couch Surfing Because His Lawyers At Baltimore’s Biggest Law Firm, Whiteford, Taylor & Preston, Dropped The Ball?

Foreclosure law firms and lawyers drop the ball on their clients all the time. Most are single practitioner law firms with essentially no staff.

However, it’s a different story when it comes to Baltimore’s biggest law firm Whiteford, Taylor and Preston.

Clients pay big bucks to white shoe law firms like this protect them and NOT to drop the ball. It now appears Kevin Spacey will be couch surfing because Whiteford, Taylor and Preston dropped the ball worse than a clumsy French waiter.

MFI-Miami has written about actor Kevin Spacey’s foreclosure a few times last week (you can click on the links below). However, something about the foreclosure didn’t seem right aside from Spacey’s financial issues. So, we went digging. 

Here Is What We Know

First of all, Kevin Spacey may or may not indirectly be the owner of the property. However, he is living there and has some involvement in the decision making process. 

Spacey’s manager, Evan Lowenstein bought the property in 2017.

Lowenstein allegedly purchased the pier home through Clear Toaster to maintain Spacey’s privacy. He also describes himself as Spacey’s friend, manager, and business partner.

Clear Toaster is managed by David Bolno. Bolno is a partner in the entertainment-focused accounting and business management firm Nigro Karlin Segal Feldstein & Bolno. He reportedly signed the deed as a representative for Lowenstein.

This type of arrangement is not uncommon for talent managers and agents to purchase properties for famous clients. Real estate sites like Zillow and media outlets like The New York Times explain the why celebrities do it this way.

Prosecutors in the US and UK charged Spacey with multiple sexual assault allegations. Thus, Spacey faced criminal allegation is in the US and the UK. 

Courts in both countries acquitted Spacey last year.

However, in April 2023, Comerica Bank and their servicer PHH Mortgage initiated foreclosure on the property.

The Kevin Spacey Foreclosure And How Whiteford, Taylor and Preston Dropped The Ball 

Court records indicate both sets of attorneys had several mediation conferences. Unfortunately, the mediations all ended with no deal being struck. 

This where Whiteford, Taylor and Preston dropped the ball on Spacey and his team. 

It appears that lawyers for Whiteford, Taylor and Preston failed to file a Motion to Stay the case under Maryland Rule 14-211 within 15 days after the last mediation. 

Lawyers from  Whiteford, Taylor and Preston are now barred under Maryland law from presenting any affirmative defenses in the case.

This is bad news for Team Spacey because a precursory review of the court file indicates Team Spacey may actually have had affirmative defenses. In a worse case scenario, raising these defenses would have bogged down foreclosure litigation for years. This would have given Spacey time to get back on his feet financially and negotiate a deal to keep the property.

Plus, anyone in foreclosure defense knows PHH Mortgage servicing files are ripe with fraud and mistakes. These usually include fraudulent accounting practices and standing issues. 

Stay tuned! Kevin Spacey’s team may have a legal malpractice case against Whiteford, Taylor and Preston.

Read More About Kevin Spacey’s Foreclosure On MFI-Miami

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