How often has your house been in foreclosure or friends of yours - did they think it wasn't a big deal? It seems to be a very big deal - it means you haven't been making your mortgage payment.
It is a source of public humiliation.
It means that Allyn apparently lost all his connections in Hollywood and has to resort to being a puppet for a stinky pinky.
So yes it is a big deal.
Translation, he didn't lose the house and it turned out to be much ado about nothing.
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