If you recall, the Real Housewives of Orange County stars faced foreclosure earlier this year when they defaulted on their $4.6 million home loan after failing to make $83,856.92 in payments. The Bellinos’ Newport home was in fact scheduled for auction back on Wednesday, Aug. 25. However the auction did not take place as they were able to obtain a last minute loan modification.
Well there is now more trouble. According to RadarOnline, Jim and Alexis have just received a new “property foreclosure notice” published in their local newspaper, The Daily Pilot, on Friday.
Despite the loan modification they got in August, it seems the Bellinos were still in financial trouble as they continued to try to unload the 6400 sq. ft. house, drastically slashing the price in the last four weeks. It went from $4,995,000 on November 10 to $3,695,000 on November 29.
With the addition of their missed payments, the Bellinos now owe $4,677,635.01 on their home. The new foreclosure notice means Jim and Alexis will be facing an auction sale of their mansion any day now.
The 6th season of the Real Housewives of OC is set to return to Bravo in January.
TELL US – WHAT ARE YOUR THOUGHTS ON ALEXIS & JIM’S FORECLOSURE CRISIS?