'The Real Housewives' star Teresa Giudice facing foreclosure
By Reality TV World staff, 10/26/2009
Teresa Giudice's free-spending ways have apparently hit a recession speed-bump.
The Real Housewives of New Jersey star and her husband Joe Giudice are facing foreclosure on a half-acre property they own in Lincoln Park, NJ, The Star-Ledgerreported Friday.
Contrary to E! News and RadarOnline.com reports, the foreclosure complaint -- which was filed by DLI Mortgage Capital Inc. in New Jersey Superior Court on October 9 -- is not for Giudice's newly-built mansion in Towaco, NJ, according to The Star-Ledger.
The Real Housewives of New Jersey's first season showed Giudice spending hundreds of thousands of dollars on furnishings and decorations for the newly-built 12,000 square-foot home, all of which she had paid for in cash.
According to the complaint, Giudice owes $127,500 on the Lincoln Park property, which she reportedly purchased for $170,000 in 2005.
Giudice could not be reached for comment by E!, while Bravo stated that they "cannot comment on the personal lives of our talent."