The Lenny Dykstra bankruptcy saga is like a reality TV show, which is exactly what he says he's working on ("Tough as Nails"? "Nailed"? "Biting Nails"? "Hang Nails"?). There will be no lack of drama.
Dykstra filed for bankruptcy in July to avoid foreclosure on the mansion he bought from Wayne Gretzky in 2007 for $17.5 million. He claimed he was the victim of mortgage fraud by Washington Mutual.
Now he claims the insurance industry is doing him wrong as well. "Everybody hates their insurance companies," he tells me. "I don't want this to happen to other people."
Dykstra this time says he's the victim of Fireman's Fund, which insured not only the $17.5 million mansion, but another multimillion dollar home Dykstra owns nearby inside Sherwood Country Club. The second home is vacant due to mold. Fireman's Fund has set aside hundreds of thousands of dollars to fix that problem, but there's a dispute over whom the checks are made out to--it's a joint account, but Dykstra is estranged from his wife. As a result, the money sits idle and repairs have not been made to the house.
Now Dykstra says the main house, the one he bought from Gretzky, is riddled with water damage which Dykstra estimates will cost $10 million to repair. The palatial estate is pockmarked with torn up flooring, holes in walls, missing toilets, as inspectors have tried to determine the extent of the problem. Here is video we shot of this.