According to financial docs from the L.A. County Recorder’s Office, Paris Hilton’s parents Rick and Kathy have recently taken out a $10 million equity line out of their mansion in Bel Air.
The docs show that Paris’ rents were approved for the equity line, and they must pay everything back in full by 2021.
Hopefully everything’s all right, but if things go SERIOUSLY downhill for the Hiltons, maybe they can go get a job as farm workers or camp counselors. Do we hear the beginnings of The Simple Life: Parents Edition? Ha!
Why do U think Paris’ parents took out $10 mil in equity?
[Image via WENN.]