Real Housewives Struggle With Foreclosure
Several members of Bravo TV’s Real Housewives reality series have come face-to-face with the reality of a foreclosure in recent months, according to a story in the San Francisco Chronicle.
Not surprisingly, three of them are in the hard-hit California foreclosure market and star in the Real Housewives of Orange County. However, unlike many distressed homeowners currently facing foreclosure, all three of these OC housewives have a happy ending to their foreclosure stories:
Jeana Keough, who owns a 7-bedroom mansion in Orange County, got a loan modification through Chase that has helped her avoid foreclosure. She said that she is “happy to report that the system works” and that she is glad not to have to deal any more with the “crazy people coming out of the woodwork to buy my $4.5 million home for $1.3 million.”
Tamra Barney, who is in the midst of a divorce from her OC hubby, participated in a short sale of their home for $1.12 million.
Alexis Bellino also received a mortgage modification from Chase on her $4.56 million Newport Beach home, which was at the auction stage when the modification came through.
On the east coast, New Jersey housewife Teresa Guidice and her husband have filed for bankruptcy and, according to the article, the contents of their 10,000 sq. ft. New Jersey mansion will be auctioned off in October. However, she insists the home itself is safe for now, from both the bankruptcy court and foreclosure.
If you are a Florida homeowner and need more information on how to avoid foreclosure, contact our Jacksonville foreclosure defense law firm.
Greg Gilbert
Keith Maynard
