Teresa Giudice ‘humiliated’ about bankrupcty, denies ‘desperate’ foreclosure rumors … sorta
Teresa Giudice insists that she and her husband Joe are not really in foreclosure, not when it comes to the $4 million mansion they own in Towaco, N.J., anyway.
Nope, that’s just lies I tell you, lies! And you can blame the evil dark empress Danielle (once again) for spreading that nonsense (and whatever else).
But not so fast …
The admittedly “humiliated” bankrupt Italian fireplug tells In Touch Weekly that it’s their investment properties that are on the verge of being raffled off on the courthouse steps.
Oh, we feel so much better. And we’re sure the bank that currently holds the note is completely reassured, too.
Nonetheless, Guidice, who stars as herself on the hit Bravo-produced reality show “Real Housewives of New Jersey” as a loud-mouthed, free-spending, sex-craving mother of four daughters, reveals that she has learned from her mistakes and plans to change her ways.
For starters, Joe will now be in charge of the family finances, “doing all the grocery shopping and imposing a limit on Teresa’s credit cards.”
Brilliant!
Tune in to see how long that lasts … if at all.
Wyclef Jean has Debts to Settle Before Candidacy
The future candidate for the presidency of Haiti may have to settle a debt before he takes on the media storm. According to The Smoking Gun, Wyclef owes more than 2.1 million dollars to the IRS. The musician’s tax trouble comes from his 1040 returns that weren’t paid in 2006, 2007, and 2008.
The liens were filed in Bergen County, NJ at the County Clerks office. Wyclef bought a home there in Saddle River for almost 2 million back in 1998. The first lien filed against the Wyclef was back in 2007 for over $790, 000.
While the very ambitious hip-hop star prepares for his announcement for candidacy, he would surely seem to settle his debt Uncle Sam.
Celine Dion Water Park Home Slapped With Lien
Singer Celine Dion has some trouble brewing as a Boynton Beach contractor wants $28,000 for a job finished job that has yet to be paid. John J Churey Construction Inc., has filed the lien with the Martin County Clerk.
This lien isn’t the first to be filed on Dion’s 9,825 square foot palace. Her and her husband had another lien filed after they owed a geologist an outstanding balance on a consulting job for a luxurious 500,000 gallon pool system. The pool includes a “lazy river” and multiple water slides.
Both liens were filed against Celine Dion’s Canadian firm, Renlec Management Inc..
Pimp My House
The consensus is that Xzibit’s blue mausoleum-like home is a bit of an eyesore, and could use a bit ‘pimping’ if he plans on selling the home any time soon. The rapper and TV host of “Pimp My Ride,” is yet another addition to the growing list of celebs facing a bit of real estate backlash. His home purchased in 2003 for $670,000 was listed for sale last year for $1.2 million only to be recently dropped to $700,000 as a short sale.
The home located in Woodland Hills sports four bedrooms, four bathrooms, a loft and a bridge. According to Redfin the home has “gorgeous landscaping in front, side, and back of house. Beautiful backyard with large patio.” While this sounds lovely the pictures only show the horrific façade with a ride worthy of making an appearance on his show parked in the driveway.
The Most Famous Foreclosure Ever: Michael Jackson’s Neverland Ranch, One Year Later
It has been a year now since the death of the King of Pop, Michael Jackson. With all the endless hoopla that continues on with how he died, everyone knows of the financial troubles that most likely led to his death. One financial trouble was what we refer to as “The Most Famous Foreclosure Ever.”
Neverland Ranch was the sickest house EVER! This foreclosed home was the mother load for any investor that had the money. With an amusement park, giant statues, and a zoo, this property was fit for the king. Jackson bought it back in 1988 from a golf course entrepreneur named, William Bone, for something close to $30 million.
After the foreclosure proceedings, Jackson transferred title of the property to Sycamore Valley Company LLC. The move made the property a joint venture between Michael Jackson and an investment company called Colony Capital LLC. While Jackson sold a portion of the property for around $35 million, his name still owns a stake in the rest of the venture. No word what happens with the stake of ownership Michael Jackson had now goes (probably the kids) but it’s definitely worth a ton of money.
