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Real Housewives of Orange County

We’re guessing this is good news for Alexis Bellino and husband Jim Bellino.

The OC Register is now reporting the foreclosure auction scheduled for Monday for the Real Housewives of Orange County stars has been postponed yet again. The new auction date? Feb. 10.

Though the Register adds that there’s a good chance the auction will not take place at all as Jim managed to find a technical loophole file bankruptcy for his company Global Marine Inc. a few weeks ago. The company just manages to hold the title to his house.

The 6,400-square foot, 6-bedroom house is currently listed for sale at $3,395,000, a far cry from the $4.56 million they paid in August 2007. The debt on the home is reportedly $4.7 million. You can see pictures of the home here. The Bellinos defaulted on the home loan twice last year, though they now claim they are still negotiating with the bank.

In other OC news, two weeks after a tentative ruling, an OC judge has officially ruled that Gretchen Rossi should pay her ex Jay Photoglou $40,799 in legal fees. This is in addition to the $22,000 she was also forced to pay him last May.

Gretchen had tried to sue Jay for defamation but is now just suing for assault, battery, stalking and other alleged offenses. Jay had asked for $85,000 in attorney fees, but the judge only awarded him half because a good portion of the lawsuit against him is still ongoing.

Jay’s attorney is however calling this new ruling a win. “We just keep getting victories, and we look to get more of them if she makes the decision to keep going with this case,” his attorney, Bryan J. Freedman told E! News. “We’re pleased,” he continued. “They tried to challenge the amount, they were unsuccessful, and the judge made the right ruling. And I have no doubt she’ll appeal it, and we look forward to her losing that also and paying more attorney’s fees for yet another poor decision.”

TELL US – WHAT ARE YOUR THOUGHTS ON THE AUCTION POSTPONEMENT AND THE JUDGE’S RULING?

Is Real Housewives of Orange County star Gretchen Rossi hoping for a spin-off show a la Bethenny Frankel?

According to a new report by the Hollywoodnews.com, that answer is yes! Gretchen and boyfriend Slade Smiley, who are rumored to have gotten engaged on the show’s upcoming season, reportedly want a spin-off show to showcase their relationship.

Gretchen joins the likes of Kim Zolciak, who also wanted her own spin-off show following the news that she was pregnant for her NFL beau. But as of now, it seems Bravo is not moving forward with any plans for a Gretchen or Kim spin-off.

Moving right along to the Real Housewives of OC season 6. After Bravo aired a sneak peek of the upcoming season of the Real Housewives of NYC over a week ago, many fans were left wondering what the heck happened to the OC season? Well, fret not as it seems all is well in Bravoland and Bravo is still planning to air to the OC Housewives season 6, but in February and no longer January as tentatively announced last year.

A fan asked Tamra Barney when the show would be airing on her facebook page and Tamra replied today, “I don’t know yet… I hear next month.”

Gretchen also had a similar answer in a recent video interview she posted on her site about the upcoming season – “So we just wrapped season 6 and they’re saying it’s going to air like January/February so we should see how the end result is,” she said. We say February as Bravo typically releases the press photos for the housewives at least a month before their season airs.

So what can we expect from Gretchen on the new season? Well according to Gretchen, she is all about promoting her businesses this time around. “This season for me was all about my businesses, my handbag line that I just launched (the Gretchen Christine Collection) and then I have my make up line (Gretchen Christine Beaute). And it’s really kinda about that and a little bit about my own turmoil of dealing with do I want to be married or not?” said Gretchen.

Interesting, and finally Gretchen posted some holiday photos of she and Slade on her personal site. One of the photos included Slade’s rarely seen older son Gavin, who appeared on the 1st season of the OC Housewives. Alexis Bellino also posted some photos of herself wearing her New Year’s Eve dress on her facebook page. Those photos are below -

Click The Continue Reading Button To See The Photos!

TELL US – WHICH BRAVO HOUSEWIFE DESERVES THEIR OWN SPINOFF SHOW? LOOKING FORWARD TO THE NEW SEASON OF THE OC HOUSEWIVES?

MERRY CHRISTMAS! WISHING YOU ALL A WONDERFUL & BLESSED DAY.

A special thanks to you for being a Reality Tea reader! No stories today or a photo post as there were not really enough photos to make one. Who knew reality stars took time off from fame whoring?

So thanks to a suggestion by our reader Carol, we decided to create two polls to see who your favorite and least favorite Bravo housewives are?

[poll id="27"] [poll id="28"]

TELL US – WHO IS YOUR FAVORITE & LEAST FAVORITE HOUSEWIFE & WHY?

More bad news for Real Housewives of Orange County star Gretchen Rossi.

Just months after being forced to pay over $22,000 in attorney fees to her ex-boyfriend Jay Photoglou, RadarOnline is now reporting Orange County Superior Court Judge Gregory Munoz tentatively ruled on Wednesday that Jay be awarded fees and costs of $40,799.38 as a result of an anti-SLAPP motion he filed. The official ruling is expected to be finalized any day now.

This all stems from Jay’s lawsuit against Gretchen for libel, slander and five other counts. “We filed a motion for attorneys fees asking for $80,000 knowing, the truth is, the best we could do is probably get half that because we won half the motion,” Jay’s attorney Bryan J. Freedman told RadarOnline.

Gretchen, who filed a counter suit against Jay for defamation, suffered another legal blow two months ago when the same judge threw out a huge portion of her lawsuit against Jay, including claims of defamation, slander and portrayal in a false light.

Jay is also suing Gretchen for defamation. Jay’s case stems from Gretchen’s claims that she was never romantically involved with him though the countless number of photos leaked out by him show otherwise.

“But the good part is she’ll be writing a check for $40,000 or be held in contempt of court,” Jay’s attorney added.

In other OC news, it seems there’s yet another bankruptcy to report. According to Jezebel.com, Simon Barney, estranged husband of Tamra Barney, filed bankruptcy on December 2, 2010. While no additional details were reported, the site reveals it was chapter 13 bankruptcy. We will bring you more details as soon as we get our hands on it.

TELL US – DO YOU THINK GRETCHEN SHOULD HAVE TO PAY HER EX’S LEGAL FEES?

More bad news for Alexis Bellino and her husband Jim Bellino.

Just weeks after Jim, star of the Real Housewives of Orange County, filed for Chapter 11 bankruptcy protection for his company, the OC Register is now reporting he is being sued for fraud.

The lawsuit which was filed in Orange County Superior Court in April 2009, alleges fraud, deceit, wrongful foreclosure, breach of written contracts and other complaints.

According to the suit, Jim, his lawyer Michael York, and California Empire Funding Corporation wrongfully foreclosed on a Laguna Beach property called the InVogue Hotel. The couple behind the suit, Shashi Tejpaul and Gail Duncan, are saying that despite making payments on the property and getting a written and verbal agreement from Jim and his lawyer, they still elected to foreclose on the property.

CLICK HERE TO SEE PHOTOS OF ALEXIS & JIM’S HOME IN FORECLOSURE!

Jim, 48, and his lawyer York, who also happens to be his brother-in-law, however deny the allegations stating Tejpaul and Duncan made misrepresentations to obtain the loan, used the money for other purposes and stopped making payments on their loan.

Jim and his company have also filed a counter suit against Tejpaul and Duncan alleging fraud amongst other things.

The fraud suit against Jim is set to go to trial Jan. 10, which happens to be the same date the bank is planning to hold an auction on Alexis and Jim’s home which is still in foreclosure. The auction date was postponed to Jan. 10 after Jim filed bankruptcy protection for his company Global Marine Inc., which just happens to hold the title to the Bellino home.

The Bellinos’ attorney also tells RadarOnline that Jim and Alexis are not going down without a fight as they are now considering suing Chase Bank. “Right now we’re considering legal action against Chase, regarding the fact that they changed the terms of their loan modification agreement,” said York.

TELL US – WHAT ARE YOUR THOUGHTS ON THE LATEST WITH THE BELLINOS?

Yet one more Housewives’ bankruptcy story to report.

The latest star to join the exclusive Bravo club is none other than Jim Bellino of the Real Housewives of Orange County.

The OC Register is reporting that just 2 days before his home with wife Alexis Bellino, 32, was scheduled to go on the auction block due to foreclosure, Jim filed for Chapter 11 bankruptcy protection for his company.

Jim is reportedly the president of Global Marine, Inc. — a single-asset real estate corporation. The 7-page document filed Wednesday at U.S. Bankruptcy Court, Central District of California states that “after any exempt property is excluded and administrative expenses paid, there will be no funds available to unsecured creditors.”

So how much exactly does Jim’s company owe? Well that is not yet clear as the bankruptcy filing simply states the estimated number of creditors is between 1 and 49, and the estimated assets of Global Marine, Inc. are between $1,000,001 and $10 million.

The OC Register is also reporting the Bellinos’ auction date on their soon to be foreclosed Newport Beach home has been postponed to Jan. 10.  The reason being due to Jim’s bankruptcy filing.  You can see photos of that home here.

When contacted by the Register on Friday for a comment, Jim said “No comment” and hung up the phone.

TELL US – WHAT ARE YOUR THOUGHTS ON THIS?

More bad news for Jim and Alexis Bellino.

Following their most recent foreclosure notice, the OC Register is now reporting that the home of the Real Housewives of Orange County stars is set to be auctioned off on Friday.

The 6-bedroom, 6,400 sq. ft. Newport Beach mansion was previously set to be auctioned off back in August but the Bellinos were able to get that canceled as they got a loan modification from the bank. It now seems that loan modification might have fallen through.

“The bank changed the deal,” Michael York, the Bellino’s attorney said Tuesday of a verbal agreement that was announced by Jim back in August. According to York, no reason was given for the change.

The Bellinos also released the following statement – “We have been communicating with the bank regarding loan modification options for several months. The bank has changed its offer, and the market has further declined since August, but we are continuing to work with the bank in an effort to reach a mutually agreeable resolution.” It appears The Bellinos remain hopeful that the newest acution date will also be canceled.

While the Alexis and Jim continue to hope for a Hail Mary, the home is still listed for sale. A real estate listing from Lagunaseaside.com states “owner has over $6 Million into the property, reduced for quick sale.”

The asking price is now $3,395,000, slashed from a previous price of $4,995,000. Even if the Bellinos are able to sell their home before Friday, they would still be taking a loss as they currently owe $4,677,635.01 on their home mortage.

The 6,400 square ft. home boasts 6 bedrooms and 6 bathrooms as well as a a state-of-art kitchen, wine cellar, home theater, & large recreational area with pool table and bar. The home also includes a 6 car garage, multiple family rooms, den/office, and gym according to the listing.

CLICK THE CONTINUE READING BUTTON BELOW TO SEE THE HOME PHOTOS!

It’s deja vu all over again as RadarOnline is reporting that Jim and Alexis Bellino are facing foreclosure for the second time this year.

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?

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