The Real Housewives of Foreclosure
It looks like diva Teresa Giudice of Bravo’s hit show ‘The Real Housewives of New Jersey’ is yet another addition to a growing list of housewives getting a taste of foreclosure. According to a New York Post article the NJ couple owes over $11 million to creditors and have sought bankruptcy as a ‘fresh start.’ Meanwhile the bank holding the mortgage on their gaudy eight-bedroom mansion has filed foreclosure proceedings.
The couple owes $2.6 million, or eight mortgages, on three separate homes. Two homes have already been repossessed by the lenders. Other debt includes $104,000 in retail credit cards, a $1,280 monthly car payment and a $2,300 monthly phone bill.
Despite their lavish lifestyle, the bankruptcy filling shows the couple only reported an income of $79,000 per year and another, more mysterious, $120,000 per year from family “assistance.”
On the hit Bravo TV show, Giudice is known for her ostentatious spending habits including buying designer clothes for her three young girls. In one of the more notable shopping sprees Giudice threw down $2,000 in a mere ten minutes.
Viewers can only hope to see the quintessential Teresa ‘flip out’ if the custom home does eventually head to the auction block. I know I’ll be tuning in for some Garden State dram-o-rama.
OctoCelebration! Nadya Suleman Safe From Foreclosure!
I knew this story would continue. Octoslob Nadya Suleman has been pulled from the grips of foreclosure by her Octotenticles. The AP is reporting that she has made a deal to keep paying her mortgage (wasn’t that the original deal?), in order to remain in her house. Geez.
In other news, Octo will be making 5k a month from Peta for keeping spay or neuter signs on her lawn. Hmm, someone should spay her.
OctoSaurus! Under Foreclosure AGAIN!
Octomom getting her toe nails primped.
I couldn’t make this up if I tried. Nadya Suleman is under threat of being foreclosed again! Apparently her father had to make a balloon payment of $450,000. The payment hasn’t been made along with another scant payment of over $4k.
A private party owns the OctoMortgage on the property (not a bank). The Mortgage holder is starting the proceeds for a foreclosure.
I am sure this not the last we have heard of this OctoSaga. We will keep you updated as more information comes out.
Extreme Makeover Foreclosures
Another one bites the dust from the Extreme Makeover TV Show featuring Ty Pennington. The Wilford family of Encinitas California are now facing foreclosure.
At least four other families featured on the show have been forced to sell their homes as they couldn’t afford it in the first place. The idea of the show is great but the reality of home ownership is a tough cookie to swallow.
Al Capone hideout up for auction
Even legendary gangster, Al Capone, can’t avoid foreclosure. The home is a Wisconsin lodge located in Couderay and was once used as a hideout for the Chicago crime boss. It has since been a tourist attraction where visitors can take guided tours for about $10 bucks a pop.
After Al Capone died, the home was bought by a corporation in Chicago and has since been in their hands for the last 50 years. The theories about the Couderay, Wisconsin hideout are that the home was used as a liquor smuggling base for the Capone and his Chicago outfit. The walls were made eighteen inches thick since Capone designed and built the lodge as a castle that could fight a battle if needed. The home also includes a guard tower and views in all directions just in case stuff goes down.
The property includes over 400 private acres and a nice lake will start the bidding at $2.6 million. Obviously, the bank that is foreclosing on the home is using the home’s history as much as possible to pull a big sale.
