Home / Gossip / Shia LaBeouf pushing aunt to sell $2.5M condo over debt

Shia LaBeouf pushing aunt to sell $2.5M condo over debt

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Actor Shia LaBeouf is trying to collect on the $ 1 million debt owed to him by his uncle.

“TRANSFORMERS” star Shia LaBeouf is trying to make his aunt cry uncle.

LaBeouf — who once described his father as “hard as nails” — is taking that approach with his aunt and uncle in Manhattan: He wants their Upper East Side condo to settle his uncle’s million dollar debt to him.

LaBeouf’s aunt, Sharon Saide, 60, says in court papers that her E. 64th St. unit with its river views is worth more than twice what her husband owes to his nephew and it all belongs to her.

Saide said she bought the unit in 2004 with money that she inherited from her grandmother, and she intends to live there the rest of her life, then leave it to her child.

But, she said, LaBeouf’s lawyers have been pressuring her for years to sell it to pay her husband’s debt.

“They want to intimidate and pressure me into giving the apartment to them to pay Barry’s judgment for which I have no liability,” Sharon Saide said.

Barry Saide, the brother of LaBeouf’s mother, Shayna, borrowed $ 1 million from his sister and the actor in 2009 in an unsuccessful bid to keep his employment agency afloat. When he didn’t repay the loan, his nephew sued him.

The latest round in the family feud came to light as LaBeouf has pressed his uncle to pay what he owes. After LaBeouf sued his uncle for the money, the courts agreed that Barry Saide must pay the debt, plus $ 20,000 in attorney fees.

Barry Saide complained about his nephew’s hardball tactics in 2013.

“Had I thought that Shayna and Shia would take this extraordinary step and seek to impoverish me, I never would have borrowed a dollar from Shia,” Barry Saide, 63, said in an affidavit.

He said when he borrowed the cash in 2009, his multimillionaire nephew told him “we were family and that he ‘had more money than (he) could ever need.’ ”

NYC PAPERS OUT. Social media use restricted to low res file max 184 x 128 pixels and 72 dpiJefferson Siegel/new york daily news

Barry Saide, who is the brother of LaBeouf’s mother, Shayna, borrowed $ 1 million from the actor in 2009 in an unsuccessful bid to keep his employment agency afloat. When he didn’t repay the loan, his nephew sued him.

The uncle noted his nephew had pocketed $ 20 million from the first two “Transformers” movies and $ 8 million for “Wall Street 2: Money Never Sleeps.”

To collect on the debt, LaBeouf’s lawyers started looking for Barry Saide’s assets and served a subpoena on Citibank. They want information on mortgage payments on the condominium and any refinancing that might have been done since 2009. The unit is said to be worth more than $ 2.5 million.

Sharon Saide has asked the court to quash the subpoena as “overreaching.”

A hearing has been scheduled for March 9.

Tags:
shia labeouf ,
celebrity real estate ,
upper east side

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