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AndyGreek1

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'GIRLS GONE WILD' HONCHO

FORECLOSURE LOOMS

ON FANCY PAD

EXCLUSIVE

0920_joe_francis_01

Joe Francis' money problems are compounding -- 7 months after "Girls Gone Wild" declared bankruptcy, his bank has started foreclosure proceedings on his Bel Air compound.

The estate is sick ... worth an estimated $11.4 mil.

According to JPMorgan Chase Bank ... Joe has slacked off on mortgage payments to the tune of $127,686.91.    

In addition to "Girls Gone Wild" filing for bankruptcy ... Joe's also been ordered to personally pay $19 million to Vegas casino mogul Steve Wynn. And we're not even gonna mention the jail sentence hanging over his head.

Calls to Joe weren't returned.



Read more: http://www.tmz.com#ixzz2fSK0wx7Q 
Visit Fishwrapper: http://www.fishwrapper.com

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