I’m told the 62-year-old Cassidy, who starred in the 1970s musical sitcom The Partridge Family, agreed to surrender his $1.35 million Las Olas condo to the bank within three months.
In exchange, the Miami Lakes bank agreed to forget about the $920,000 or so that Cassidy owes.
Still, hasn’t been the best of summers of the singer of I Think I Love You.
A week ago, he suffered a mysterious meltdown on the stage of the South Point Casino in Las Vegas, at one point showing the audience how they should clap. He blamed it on a combination of skin and cold medication.
The foreclosure proceedings here, meanwhile, kicked off nearly two years ago — but continued on because Cassidy put up a fight. He claimed the bank couldn’t prove it owned the mortgage for the 34th floor apartment, and deemed the exotic loan “predatory.”
The singer settled before a judge ordered the condo sold on the proverbial courthouse steps, says his lawyer, mainly to protect his image.
“He doesn’t want to be affected by the negative stigma of foreclosure,” said Jeff Harrington, Cassidy’s attorney.
Cassidy maintains ownership of his other condo in Fort Lauderdale, a $1.7 million pad in a beachside highrise.
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