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.

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.

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..

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.

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.

NFL superstar and drama queen, Terrell Owens, is being sued by a Birmingham business for terminating a lease on a martini bar. Apparently T.O and his cousin Antonio Minnfield didn’t pay $12,000 from a lease agreement when it was terminated.

The martini bar lawsuit has been filed in the Jefferson County Circuit Court. The lease was ended in March 2008 by T.O and Minnfield’s company under the name Minnifield Owens Lounges, also known as M&O Lounges. The lawsuit requires a payment of over $9,000 in principal balance and $3,000 in attorney fees that is owed.

No word on what the two are expected to do. Meanwhile Terrell Owens is under crunch time to find a new team since he is currently a free agent after leaving the Buffalo Bills.

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.

Hollaaa! The rapper Chamillionaire gets his Houston mansion repossessed by the bank after it went into foreclosure. The 7,583 square foot home was bought by the rapper back in 2006. Chamillionaire, who’s real name is Hakeem Seriki (Do you care?), paid more than $2 chamillion dollars for the mansion.

Apparently the missed payments which led to the foreclosure was the rappers master plan. Chamillionare decided to just let the property go since he saw it as a failed investment with the current real estate market. He owed more than the home is worth. Of course, this situation is similar to the millions of Americans nationwide.

TMZ caught up with the rapper in New York to ask him about his situation. Chamillionaire said, “I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.”

The State of California might be trying to make money off of Dane Cook. The superstar comedian is claiming to be a victim of a mistake made by the Tax Board of California.

The state has issued a tax lien against Dane for $515,430.43 for unpaid taxes in 2005, 2006, and 2007. That is a lot of money for the comedian who has made a well-known name for himself with his career.

Dane Cook told TMZ that the State of California is “in the process of removing this mistaken lien from their records.”

The Bravo Network might want to consider changing the name of their popular show, “Real Housewives of Orange County” to “Living Within Your Means.” Housewife, Tamra Barney, just recently got rid of her her 4,300 square foot home in a short sale.

Tamra and her soon to be divorced husband, Simon Barney, bought the home for $1.32 million back in 2005. The home is a five bed, four-and-a-half bath stunner in the heart of Orange County. The couple poured money into the property by fixing it up with a new pool, spa, waterfall, nice bar, and landscaping.

The now single Tamra is back to work at a real estate firm and working on a new make-up line. While the popular tv show continues to follow the rich and beautiful around for it’s six season now, it has shown these woman taking a financial dive in the so-called “reality.” Of course, you can catch all the housewife drama on the Bravo Network.