It’s a new year and a new foreclosure for Felons By Bravo, Teresa and Joe Giudice! Last year, their “shore house” was up for auction after being foreclosed on. The auction is just a legal formality because just like the shore house, the Giudice’s owe more than the likely sale price of their house. The Giudices paid $170,000 or so for the house, yet according to Vicki Hyman of NJ..com, the couple owes $212,521.20 to their lender and Zillow estimates the market value at $245,536 ( I don’t think Zillow has seen the kitchen or the interior at all)” since the house is not available for inspection, no one is going to buy this pig in a poke. Hyman reports, “The auction will take place at 2 p.m. in the Freeholder’s Public Meeting Room, 5th Floor, Records and Administration Building, Court Street, Morristown, although these sales are often postponed. As is typically the case with foreclosures in New Jersey, the minimum bid is $100.”
The Giudices, who have decided to blame their bankruptcy attorney for their felonious acts, have likely been blacklisted by top notch attorneys. Their current attorney and fellow fame whore, tells Hyman, (please sit down and swallow any liquids before reading furthere) ” “They are eliminating excess and focusing on doing more with less.” It seems like that is what the kids in NJ are calling suffering the consequences of lying to multiple banks to get multiple mortgages beyond the value of your houses these days. It’s like that time that Teresa went to Federal Prison to have a quiet place to work on her book without the distraction of four kids and a husband.
Fun fact, this is the home that they lived in when most of the crimes were committed. They couple then moved into the Montville monstrosity when they were cast on RHONJ. Then they took their ill-gotten gains and appeared on national TV with stacks of Benjamins and paid for tens of thousands of dollars worth of furnishing in cash. Soon after moving in, Teresa would famously declare she could never live in a “used house,” a sentiment that Sheree Whitfield also appropriated to describe her glamorous life of apartment living on air mattresses.# One of the best things Caroline Manzo ever said on TV was to Teresa when she said something along the lines of “Oh honey, I know where you were living last week. Don’t front with me.” And yet, most viewers just love, love, love Teresa and besmirch my favorite New Jersey housewife, Caroline. There is no accounting for taste Well in New Jersey there seems to be no accounting, period.
Well, that is the latest Felons By Bravo update! I hope someone has covered the water pipes!