EXCLUSIVE DOCUMENTS: OC Housewife Alexis Bellino's Husband Files Bankruptcy
Posted on Dec 13, 2010 @ 04:11PM
Real Housewives of Orange County star Alexis Bellino and her husband can breathe a sigh of relief – for now.
EXCLUSIVE DOCUMENTS: Read James Bellino’s Bankruptcy Petition
Now that Jim Bellino filed for Chapter 11 bankruptcy last Wednesday - tied to his company Global Marine, Inc.- the financially-strapped reality TV couple has been spared losing their multi-million dollar home to foreclosure until next month – when their Newport Beach house has been rescheduled to be auctioned off.
The Bellinos join a long list of Housewives -- including Lynne Curtin, Tamra Barney and Jeana Keough – who got caught up in real estate nightmares when the bubble burst. NJ Housewife Teresa Giudice and her husband also filed bankruptcy last year.
EXCLUSIVE PHOTOS: Alexis Bellino Before She Was Famous
The Bellino’s six-bedroom, 6,400 sq. ft. waterfront manse was originally listed for $3,695,000, but fell to $3,395,000 as a short sale.
They were in talks with the bank to re-modify the loan, but “the bank changed the deal,” said their attorney Michael York.
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“We have been communicating with the bank regarding loan modification options for several months,” York said in a statement last week to RadarOnline.com. “The bank has changed its offer, and the market has further declined since August, but we are continuing to work with the bank in an effort to reach a mutually agreeable resolution. The foreclosure sale will once again be canceled. In the meantime, as always, we will continue to follow the advice of our legal counsel with respect to this matter.”
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Realtor John Stanaland of Home Real Estate Group is listing the property - which is next door to a home once owned by Nicolas Cage – “with every high-end amenity imaginable.”
The listing is described as “high ceilings, gorgeous crown molding, pristine wood floors, and a grand staircase adds elegance. Entertain in style and luxury with a state-of-art kitchen, wine cellar, home theater, & large recreational area with pool table & bar…expansive private courtyard with a relaxing spa and fireplace…6.5 baths, 6 car garage, multiple family rooms, den/office, and gym.”
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The Daily Juice
Maybe their church will help them out of this mess. They seem so devoted to their congregation! LOL!
Posted Tue, 12/14/2010 - 5:13pm
mr. first church of the good has a very shady background. ran into a little trouble with feds. and the botox bytch...her first husband's description of her was perfect!
Posted Tue, 12/14/2010 - 11:28am
O, I forgot about Chase, they wouldn't work with them as promised either. 7 carats, 7 carats, 7 carats, 7 carats, did I tell you it was 7 carats?
Posted Tue, 12/14/2010 - 10:48am
Hey guys, they say it's all a misunderstanding; the media is making it seem worse than it is regarding their lifestyle! They are going to clear it all up with a public statement in 24hrs...sigh....
Posted Tue, 12/14/2010 - 7:34am
LOL! So they're going to say our eyes were lying to us as we watched them flit around spending money like they were the Rockefellers.
Posted Tue, 12/14/2010 - 9:56am
Couldn't happen to a nicer more deserving couple LOL!!!YUK and Double YUK to these two. Both phony, fakes and gross. I cannot stand people using religion to try to make themselves look good it comes off so phony...
Posted Tue, 12/14/2010 - 6:35am
how long have they been living in that house without making payments?
Posted Tue, 12/14/2010 - 12:40am
What a joke!!
Posted Mon, 12/13/2010 - 11:47pm
Being that these two are so fake and dislikeable, there's something rather satisfying about their looming foreclosure and/or bankruptcy...
Posted Mon, 12/13/2010 - 11:18pm
Which is worse: her fakeass face and body or his hair, fat stomach and chin?
Posted Mon, 12/13/2010 - 9:20pm