OC Housewife Alexis Bellino In Foreclosure Drama
Posted on Dec 05, 2010 @ 02:30AM
Another Real Housewives star is in a real-life battle to hold on to her home, RadarOnline.com has learned.
Alexis Bellino and her husband Jim, have had a "property foreclosure notice" published in their local newspaper, The Daily Pilot, against their lavish Newport Beach, CA mansion.
PHOTOS: Alexis Bellino Parties With Pals
The couple has been in real estate hell almost since they bought it in August, 2007 and did a major renovation, sinking a total of nearly $6 million in the 6400 sq. ft. home.
RadarOnline.com has learned that the Bellinos almost lost the six bedroom, six bath manse, with its wine cellar, home theater and grand staircase back in August when they defaulted on their $4.5 million loan. The Orange County Register reported that an auction was scheduled but then canceled when the couple worked out a loan modification with Chase Manhattan Bank.
EXCLUSIVE PHOTOS: Alexis Bellino Before She Was Famous
"Chase has been great to work with on my modification," Jim said at the time. "The trustee sale has been canceled, and the modification has been agreed upon."
But the Bellinos, it seems, still needed to get out from under. They continued to try to unload the house, and in the last four weeks slashed the asking price. It went from $4,995,000 on November 10 to $3,695,000 on November 29!
PHOTOS: Hottest Stars On Reality TV
With penalties for missed payments added in, the debt on the house is now a whopping $4,677,635.01 -- but who's counting?
The property foreclosure notice published Friday means that the couple is once again facing an auction sale of their showcase home; the house that in August Jim Bellino said he and his wife and kids planned to stay in for a long time.
PHOTOS: Plastic Surgery Bikini Bods
The Bellinos join a long list of Housewives -- including Lynne Curtin, Tamra Barney and Jeana Keough -- caught up in real estate nightmares when the bubble burst.
The Real Housewives of Orange County is tentatively scheduled to return on Bravo in January.
RELATED STORIES:
Alexis Bellino Was A Maxim Hottie
- Beyonce's Returning To The Stage For The First Time Since Becoming A Mom — Huffington Post
- Sienna Miller & Her Baby Bump Are All Smiles — The Frisky
- Jay-Z To Score New "Annie" Movie Starring Willow Smith — Global Grind
- Simon Cowell Asks 'What Was I Thinking?' After Choosing Britney Spears & Demi Lovato for 'X Factor' — Celebuzz
- Anne Hathaway's Ex Raffaello Follieri Released from Jail — Just Jared
- Age Appropriate? Kylie Minogue, 43, Dons Racy Webbed Dress — Celebuzz
- Click Here & Join Our Facebook Page — Facebook
Sample Header
The Daily Juice
Both are total wrapped douche nozzles. They may be Christians, but not the good kind.
Posted Mon, 12/06/2010 - 6:42pm
HAHA!! Another one who lives beyond their means. Imagine that! They'll be in divorce court next. Good luck and Jim, get a new "do" that matches you age and Alexis whatever will life be like without trips to the plastic surgeon.?!
Posted Mon, 12/06/2010 - 6:38pm
People are so worried about appearances and superficial things they try to live above their means...This is exactly what happens. No sympathy from me.
Posted Mon, 12/06/2010 - 3:58pm
In all fairness to uh peewee, I'm sure he HAD money, I think she sucked it out of him! Don't think she would be easy to live with, nor those 3 kids!
Posted Mon, 12/06/2010 - 10:12am
This BIG TUB-O & stupid ass hair & plastic wifey R A JOKE!! He should stick big cigar
that he smokes, but CAN'T afford 'em anymore in his eye!! Haaa!! TUB-O has a really
BI HEAD, can't go thru the door way!! Haaaaa!
Posted Sun, 12/05/2010 - 10:17pm
LOL!!! dude what with the Pee Wee Herman hair do????? At least use some Just For Men beard coloring to match the hair do.....
Posted Sun, 12/05/2010 - 6:42pm
Couldn't happen to a more distasteful couple. They are fake and offensive. Love to watch crash and burn
Posted Sun, 12/05/2010 - 6:40pm
LMFAO look at her fa ggy husband
Posted Sun, 12/05/2010 - 6:27pm
Nice Pee-Wee Herman do, dude? I expect the lowlife Waring/Peterson couple to be next on the foreclosure list. The only one in OC that MAY be able to hang on to their home is that rat-faced Vicky.
Posted Sun, 12/05/2010 - 5:31pm
WTH, you mean it's all pretend? fake? OMG no trashy clothing line to look forward to? Should be the real posers of OC. These folks need to get off TV!
Posted Sun, 12/05/2010 - 5:17pm