Real Housewives Star’s Home In Foreclosure; She Sues The Banks
Posted on May 06, 2011 @ 06:55PM
By Jen Heger
Radar Legal Editor
&
By Amber Goodhand
Radar Staff Reporter
A real housewife without a house?
It could happen to Peggy Tanous, one of the stars of Bravo’s The Real Housewives of Orange County!
Read The Document: Peggy Tanous Lawsuit
Former model Tanous is in a dogfight with three banks to keep her $1.3 million-home in Irvine, Calif., out of foreclosure, RadarOnline.com has learned.
While BAC Home Loans Servicing, U.S. Bank National and PNC Mortgage are trying to kick her and her family out and sell the house, Tanous has struck back with a lawsuit.
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She claims the banks didn’t honor a loan modification agreement!
The 41-year-old Tanous and husband Micah, an internet entrepreneur, made timely payments for about two years after buying the place in 2006.
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But, like millions of Americans, the Tanouses began experiencing financial trouble, according to her lawsuit. Their monthly checks on not just one, but two loans, because few and far between. They have one mortgage for $1 million, and a second for $312,540, according to records.
They also quit paying Orange County property taxes. The couple, however, negotiated a payment plan that they’re abiding by.
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In her lawsuit, Tanous claims she made similar arrangements the banks. She hammered out a deal to pay interests only for 10 years – but was shocked in November when the banks still filed a foreclosure notice!
“(Tanous) is determined to keep the property,” the lawsuit reads. “It is her family's home, and she does not want to lose the Property in a foreclosure sale."
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The stay-at-home mom of two little girls wants a judge to prevent the foreclosure sale.
Her home is in Irvine, California.
Last sold for $1,379,000 on 2/17/2006
Last assessed at $875,000 on 2009
Previous assessments:
- $875,000 on 2009
- $1,136,000 on 2008
- $1,377,000 on 2007
On the show’s current season, Tanous’ first, Tanous got breast surgery so that she could “look damn good in a bathing suit.” She’s also described on the show’s website as “a wealthy Orange County party girl.”
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The Daily Juice
Mar 30, 2012 @ 17:30
You are being too hard on her. It is happening to a lot of people and she started a new business. It takes capital. Why wish her ill will? I hope she takes the bank to task. I know what they are doing to people.
Posted Tue, 07/19/2011 - 6:25pm
Oh but this awful looking man drives a Bentley..........how does one live such extravagant life style, yet, can't
pay their mortgage obligations?!? Right. They are great pretenders. How embarrassing!
Posted Sat, 06/18/2011 - 11:15am
I'm renaming the show to "BROKE @$$ POSERS OF ______" she will likely release a statement: "MY HOUSE AINT IN FOOWCLOSA" as the lovely and oh so elequent Teresa once stated
Posted Mon, 05/09/2011 - 1:54pm
karma. Knew they were phony the first time I saw them on the show. What a couple of losers!
Posted Sat, 05/07/2011 - 1:22pm
Hope they are happy living in her Bentley. LOSERS!!!!
Posted Sat, 05/07/2011 - 10:21am
Hope they are happy living in her Bentley. LOSERS!!!!!
Posted Sat, 05/07/2011 - 10:20am
Hope they are happy living in her Bentley. LOSERS!!!!!
Posted Sat, 05/07/2011 - 10:20am
LOSERS!!!
Posted Sat, 05/07/2011 - 12:11am
Hope they have enough room to live in her Bentley. They really have their priorities straight; what a couple
LOSERS!
Posted Sat, 05/07/2011 - 12:09am
I hope the Bentley has a big back seat for the family to live. They really have their priorities straight.
Why would they go on a reality show when they know this information will get out. LOSERS!!!!
Posted Fri, 05/06/2011 - 11:39pm