Reports are pouring in that Mrs. Zago’s Encino, California home is up for auction by the bank. The home was bought in 2004 for $670,ooo and the super model owes nearly $725,000 in back mortgage. How does a bank allow a homeowner to fall so far behind?
Unfortunately for the newlywed, the news could not have come at a worse time. It’s been widely reported that Bravo has canceled the Real Housewives of Miami series. There was a big campaign to have the RHOM beauty moved to the Real Housewives of Beverly Hill series, no word yet on that decision.
Sadly, this is nothing new, over the years several notable reality “star”s have been victims of public financial hardships that lead to them losing their properties.