Fraud Alert: Teresa Giudice Puts House Up For Sale!

Posted on Sep 8 2014 - 2:36pm by Nancy

RHONJ

The “Real Housewives of New Jersey star, Teresa Giudice better start packing her Louis Vuitton bags and Roberto Cavalli shoes!  

Teresa Giudice is well-known for being the criminal housewife of the franchise. The future jailbird has decided to put her Towaco, NJ multi-million dollar mansion on the market. 

Giudice residence

It looks like mounting legal bills and her bankruptcy denial (she will soon be responsible for paying $13.4 million in debt) is forcing the RHONJ couple to quickly reduce their debt before their upcoming sentencing on October 2.

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According to their bankruptcy report, Teresa and Joe Giudice have only paid $7,500 of their million dollar debt and still owe a whopping $13.4 million to their creditors. Once the Bankruptcy judge signs off on the trustee’s final report and the case is finalized, creditors can once again pursue their claims and recoup what’s owed to them.

[READ] Convicted Felon, Teresa Giudice Bankruptcy Finalized: Creditors Owed $13.4 Million

Teresa and Joe’s enormous six bedroom, six bath home is set on 3.77 acres of wooded property with 2 ponds. The mansion features extensive marble, granite and wood floors throughout with multiple fireplaces. The house underwent a massive renovation in 2008 to make it livable for Teresa’s standards since she’s said living in a previously owned home was “gross.”

The asking price? A whopping $3,999,999 million, which is four times the value estimated in 2012 at $1.2 million.

The felonious couple pled guilty to a litany of felony charges; wire fraud, mail fraud, loan application fraud and perjury. Teresa faces 21 to 27 months in prison and Joe faces up to 46 months in addition to deportation. The likelihood of Teresa receiving house arrest is very high.

Sentencing is scheduled on October 2 at 10:30 am in Newark, NJ. 

UPDATE: Teresa and Joe have also listed their shore house for sale!

Guidice Jersey Shore House

The shore house is located on the Jersey shore is described as a the perfect weekend getaway! The contemporary 4 Bedroom 2 Bath Ranch was Completely Renovated with Light Bright and Airy tones, Vaulted Ceilings, Fans & Recessed Lighting. Brand New Kitchen w/ Custom Cabinets, Stainless Appliances, Ceramic Tile Flooring. The outdoor living space is relaxed and comfortable w/ Double Sliders to stamped concrete patio, 50 feet of waterfront w/ vinyl bulkhead. Plenty of storage inside and out. Deck & Dock make a perfect place for Social Gatherings & Family Parties.

 

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About the Author

Nancy loves to multi-task as a writer, she's an actress and online radio host. She received a B.S. in Mass Communications from LSU. She's married and the proud mom of 2 German Shepherds.