‘Real Housewives’ Alexis Bellino house in Newport Beach avoids foreclosure, gets loan modification
Add Alexis Bellino and her husband, Jim, to the growing list of cast members from “The Real Housewives” series who can no longer afford to live in their luxury homes. The Orange County Register reports that the couple was more than $83,000 behind on the mortgage for their “stately” $4.6 million five-bedroom, five-bathroom abode in [...]
Add Alexis Bellino and her husband, Jim, to the growing list of cast members from “The Real Housewives” series who can no longer afford to live in their luxury homes.
The Orange County Register reports that the couple was more than $83,000 behind on the mortgage for their “stately” $4.6 million five-bedroom, five-bathroom abode in Newport Beach, California.
But before it could be auctioned off at a foreclosure sale, which was scheduled for Aug. 25, 2010, the Bellino’s came to an agreement with their lender to reduce the principal through a loan modification.
No specific terms of the modified mortgage are available at this time. However, it appears to be a fair deal, if Jim’s comments are any indicator, that is:
“Chase Bank has been great to work with on my modification. The trustee sale has been canceled, and the modification has been agreed upon.”
Alexis and Jim have three children together, all of whom plan to live in the newly loan-modified home “for an extended period of time.”
This of course is not the first time that a couple from “The Real Housewives” has had to face the possibility of losing their homes to foreclosure.
Jeana Keough avoided foreclosure through a loan modification, Tamra Barney was able to unload her upside-down home via a short sale and Teresa Guidice recently filed for bankruptcy.
To read all about these lovely ladies, as well as other celebrity types, and their real estate-related issues click here.
