First of all, you probably need a reread the details of the Giudice’s failed attempt to file bankruptcy. Or maybe that will just confuse you more.
According to Vicki Hyman at NJ.com, the bank finally filed court papers to foreclose on the Giudice home on Wednesday. This means that Joe and the girls may no longer have the daily annoyance of having to actually walk from their front door to the end of the driveway to catch the school bus.
New Jersey is a judicial foreclosure state which means that if you default on your mortgage, the lender has to file complaint of foreclosure with the court in order to repossess the property. Joe has the right to contest the foreclosure within 60 days. If he does then it goes to court which means setting a trial date. In New Jersey. Which could take who knows how long. Probably long enough for Teresa to finish her sentence and get out and deal with all of this. I think this is most likely what will happen. It’s just a stall tactic.
On the other hand, the Giudices just relisted the property again. However, it is still listed at well more than the house is worth. The last price it was listed at was $2.99 million. That’s about a million more than it is worth. The smart thing for the Giudices todo is slash the price to $2million and get ‘er done. I believe the Giudices owe the bank $1.7 million. They could pay the bank what they are owed and have a small amount toward their restitution. That would be the smart, morally correct route.
Like I said, I think they will just stall as long as possible. But eventually, they are going to have to live in a regular house. Right now, the shore house, and the rental property are not on the market. We can expect for the banks carrying those loans to come for the Giudices soon too. Because New Jersey is a judicial foreclosure state all of this can take quite awhile. And remember, when they filed for bankruptcy, that stalled the foreclosure process for a couple of years. It must be nice to live in these houses without paying anything.
Eventually, they will have to find some place to go. They can’t go live with Joe’s mother, because her house was auctioned on the courthouse steps last year for failure to pay taxes. The bank may drag their feet foreclosing on a mortgage but the government does not play if you fail to pay taxes.
We should start a pool on how long the Giudices squat in this house. I’m going to say they will finally be kicked to the curb in March 2015. I am just wondering how they are paying to keep the lights on since Joe doesn’t have a job.
Tre will for sure need a place to live when she comes from College…
You are correct about NJ taking so long because it is done through “judicial foreclosures”. It is so backed up that some cases have gone on for five years and there are a few people who are now claiming that the Statute of Limitations has run and therefore the bank is out of luck. A NJ seems to have bought this argument in one recent decision.
meant to say a NJ JUDGE has bought the argument according to the article I read.
Boy, there’s some tea SPILLIN this week! Between Whitney, his mom, Kim Richards’ drunk & disorderly, Kim Richards’ dog lawsuit…and now THIS?? Oh this is too good! There’s so much tea, I’ll never come down from this caffeine buzz!
P.S. Joe and Teresa Giudice are douches.
We’re having us quite the TEA PARTY here at Tamara’s Tea house, aren’t we? We might have to send our white gloves to the cleaners. One can only eat so many cucumber sandwiches before the dainty little fingertips get soiled.
How is Joe keeping the lights on? My guess is that someone does some “maintenance” on the electric meter from time to time. Allegedly.
I mean, the Giudices have made it clear that their M.O. is: “Why pay for something when you can steal it?”
Hahaha! Sounds like their motto.
I have not a drop of sympathy for Joe or Teresa in this matter. BUT I have great sympathy for those girls. They didn’t ask for any of this and to have their lives played out in front of all their friends must be horrible. Gia is old enough that I am sure this has affected her so badly. Why can’t these two what is right for those girls and let their famewhore ways pushed aside.
Anything less would be uncivilized.
Love it!! Funny. Secondly I’m so sick of the NJ housewife’s. Don’t like any of them, zip, zero, natty. The fights between brother & sister made me sick.
Oh. I did like Richie, he was real to me, the only one with his feet on the ground, look at the kids….then look at the others…..
Between yesterdays big news and now this, it feels like Christmas came early this year.
And I’m betting on May 2016
Based on joe’s dui/fake license stalls I say they are in that house til June 2018. As far as utilities, if I were a neighbor I’d be looking for extension cords and cables running from my house to theirs!
I was thinking the same thing! I was just going to take a quick peek here this morning, and get on with the day tea and shade free. However- they are not leaving that house until late 2016- they can start ripping up the bannister for firewood should they be short on cash to warm the house this winter…
I’m gonna go with eviction in August 2015. Hopefully joe can find a rental in the same school district so the girls won’t be totally knocked of their feet. I wonder if Joe and Melissa would allow them to squat in their house?
I find this discouraging. These crimes were committed like a decade Ago!! By the time they get this through the courts, they’ll be dead or in a nursing home and will have probably committed more financial crimes in the meanwhile to keep them sitting pretty. If you’re a career white collar criminal, New Jersey is the place to be!
That is the most unusual hairline I’ve ever seen on a person.
No it seems the same hairline as Kim Russo, the psycic medium who has her own show. love her but bad hair and dyed blonde badly too.
My bet is April 2016
“That would be the smart, morally correct route”. So they’ll do the opposite.
That’s a lot of money for a tear down. Would anyone actually want to live in that house, especially with its history? It looks like a crazy add-on from the front, and the interior is so over-the-top. It sounds like they may be able to drag this out for awhile, so I’m picking January 2017. Why wouldn’t they slash the price, pay off the bank and be done with it? He is delusional if he thinks he will get anything near that price.
If he does slash the price and manages to sell that white elephant, I doubt he will make restitution. Doing the moral thing doesn’t seem to be in Juicy Joe’s DNA.
I do feel sorry for the girls, though.
My guess is they think some fan is going to buy at asking price(delusional). If Tre gets out in time she will probably secure enough magazine covers, interviews, and a book deal that should cover any back mortgage payments they owe to save the house. If they are legally able to stay there which I don’t know.
I don’t know about NJ, but once you reach a certain point in the foreclosure process, I don’t think you can pay it off and forestall the sale on the courthouse steps.
@Drinkthediamond water – Yeah, that happened to the people who used to live across the street from me. Their house was in foreclosure, and the bank refused to let them make any payments to get caught up. They were evicted and the house was auctioned “on the courthouse steps”.
I’m guessing April 2017! These people have the best attorneys for coming up with stall tactics.
I wanna share this guess with you!
December 31, 2020, those people can finagle their way out of syrup
When I get paid next month, I’m donating big time to you TT, holy cow the last few days have been tea gold!
I’m guessing that the foreclosure will take less than 12 months. Let me predict January 31, 2016. Welcome home, Teresa!
In the comments section of the Vicki Hyman article somebody states that their guilty plea removes a lot of the tools that homeowners have to stall the process:
“kerry777 20 hours ago
It will take a long time to get them out
Harold From Newark 18 hours ago
@kerry777 Not as much time as you would think in light of their 12/5/2011 consent order denying them a chapter 7 discharge. That is, they can not run to the bankruptcy court to buy some time to supposedly work out a modification or any other delaying tacit. Do to the debtor’s fraud they were denied a discharge.
Moreover, the Foreclosure Unit down in Trenton and the New Jersey General Equity Part have significantly reduced the wait time on uncontested foreclosures (ones in which no counterclaim was filed). ”
.
*Or you could have just read my first link in the post to explain how the bankruptcy fits in.*
*Please do not cut and paste from other sites. Please read the commenting rules. *
On Fri, Apr 17, 2015 at 3:21 PM, Tamara Tattles wrote:
>
I had the same questions as above. How are they paying utilities on that house if no one is working? How are they eating? Are property taxes and insurance being paid? Who’s doing the yard work – Joe? Who’s driving them up to the “college” to see mom and how are they paying for that?
Their great famblies are helping out perhaps? Remember when he made that great toast from the balcony for those “youse guys”? who are always there for them?
I say Feb of 2016.
ADMIN EDIT: PLEASE READ THE COMMENTING RULES
Posts that start with “I may be wrong, but…” WORSE THAN “I read somewhere that…”
The auction for the shore house took place on March 31, 2015. I don’t know if it was sold.
Thier mindsets are get away with all they can.while they can.i remem.tre saying couldnt live in a home where other people did.sure changed, lol the people stole from should get thier $ back too.andys gona put her back on&is just wrong!!
I’m sure Joe has plenty of his dirty money stashed for a rainy day if not pay from the last housewives season. I’m sure they didn’t give it all to restitution. The courts let them have something to take care of all them children I’m sure. Maybe a meager ammt. but something.
Ha! I’m imagining Joe digging up cash stuffed plastic bags buried in the yard.
Buried under the dog and chicken doo
that would be a felony. What are we up to, 42 now?
On Fri, Apr 17, 2015 at 5:50 PM, Tamara Tattles wrote:
>
Mirror, mirror in my hand will we keep Giudice Gracelsnd?
Smart morally correct Guidice. That’s an oxymoron. Hope they can go squat with the Beavers. These past few days have been Tea with lemon and honey. Thanks TT for all your great work.
I’m still chuckling over the long walk up the driveway to the road 😀
Does anyone know who is really taking care of the younger girls? Gia is beyond taking care of at this age. She is going to do what she want to until she matures a lot.