REAL Housewives of Beverly Hills star Dorit Kemsley and her husband PK could still end up losing their Encino mansion – just weeks after paying off $300,000 in back mortgage payments to save it.
Dorit, 48, filed for divorce from husband Paul, known as PK, last month after a trial separation.
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The pair own a $8 million home in Los Angeles which was bought under Dorit’s LLC, according to documents seen by The U.S. Sun.
Both Dorit and PK signed a promissory note promising to pay off their mortgage, which is legally binding.
But it has now been revealed that the Franchise Tax Board has suspended the LLC, which is named after the couple’s street, filings show.
LA-based attorney Ronald Richards, who has been involved in other RHOBH legal disputes, and often comments on others, was first to reveal the update.
Verified documents, which he shared on X, confirm the LLC is not in good standing.
Richards exclusively told The U.S. Sun this week: “With the entity being suspended, it is most likely a loan default.
“For the FTB to suspend in the entity, they have not paid taxes or filed returns for a while.
“It is a bad symptom for the borrowers.
“A lender can default for non-monetary violations like non-payment of property taxes or if the entity is suspended.
“There are many covenants to a loan besides making the payments on time.
PREVIOUS FORECLOSURE
“I think if the lender finds out about this, they will order her to cure it, and if she doesn’t, issue a new default.”
It is not clear exactly how much the couple owes, but The U.S. Sun previously revealed the pair still have outstanding balances from as far back as 2017 for tens of thousands.
Bravo did not respond to a request for comment on the situation.
In November, The U.S. Sun exclusively revealed the estate was in pre-foreclosure after the couple missed “more than four months” of payments.
A notice of default for $298,556 for the property – which the couple moved into during the Summer of 2019 – was filed on October 16, 2024.
However, property records obtained by The U.S. Sun show the default notice has since been rescinded for the luxury six-bed, 10-bathroom home.
Dorit broke her silence on her housing woes when Bravo boss Andy Cohen questioned her about the pre-foreclosure at the season 14 RHOBH reunion.
She admitted: “Well, there are reports that it is in pre-foreclosure.
“I had no idea about it. [PK] told me that they changed the rate, he was trying to get ahold of somebody, no one was returning his calls — that’s the way he does business.
“Until they give him his call back, he’s not going to pay. He resolved it. Listen, they ended up calling. That’s what he said.”
Richards explained to The U.S. Sun that the lender could now bring forward a new notice of default.
He added that if the LLC gets sued for anything related to the property it cannot defend itself as it’s been suspended.
‘FINANCIAL TROUBLE’
Dorit and PK need to make sure the LLC is in good standing by resolving any past tax issues, otherwise the home could go back into foreclosure.
The pair bought the home back in 2019 for $6,475,000.
They put it up for sale in 2020 and quickly dropped the price to $7,995,000 but it was later taken off the market.
Richards also shared on social media, “This government action may start a new round of financial trouble and shows the reckless manner they are managing their assets.”
British businessman PK also has a history of bankruptcy, including filing in 2012, in the UK.
The Wall Street Journal reported at the time that he had personal debts of up to $50 million.
Dorit claimed on RHOBH that she helped him through the situation and gambling debts, but PK later insisted it was “well before” they met and that he has since “recovered from all of the things”.
He will have to disclose his earnings in divorce filings, including any money and investments he has in Britain.
Dorit has been vocal about their tumultuous split as they co-parent Jagger, 11, and Phoenix, nine.
The couple tied the knot on March 7, 2015, and began a trial separation in September last year, during which Dorit hoped they would reconcile.
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