Happy New Year in advance! To wrap up the amazing year of 2010, we are bringing you our top 10 stories of the year. The top story is none other than Real Housewives of OC star Alexis Bellino’s messy divorce details from her first marriage.
Thank you for being a Reality Tea reader and we hope to bring you better stories and an even better site in 2011. Here’s to hoping 2011 will be your best year yet! Wishing you a safe and happy new year’s!
The above stories are based on views and not comments. The number to the right is how many views each story received. What are your thoughts on our most popular stories of 2010? Surprised? What you expected?
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.
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?
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.
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 thatJim 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?
Following the failure of Sheree Whitfield’sShe by Sheree, it seems a new Bravo housewife is ready to give the whole clothing line thingy a shot as well.
That brave one is Real Housewives of Orange County starAlexis Bellino. In an exclusive interview with RadarOnline, 33-year-old Alexis reveals her new found passion for fashion while also giving the site a sneak peak into her new couture dress line brilliantly called ‘Alexis Couture.’
“I am truly inspired by Valentino and Cavalli with Dolce and Gabbana fabrics and fit. I’ve added by own personal twist,” said Alexis. “I’ve been designing my line for 1 year and I’m really excited about the results.”
Originally hailing from Hannibal, Missouri, Alexis has three kids with hubbyJim Bellino, whom she met in 2005. “I have always said that being a great wife and mother comes first but Jim is super supportive of me working,” added Alexis.
Alexis plans to release Alexis Couture dress line in January 2011, the same month the 6th season of the OC Housewives is set to premiere on Bravo. Alexis is also planning a launch party in Beverly Hills on December 2.
Some photos of Alexis modeling her new line below. You can see more photos at RadarOnline.
TELL US – WHAT ARE YOUR THOUGHTS ON ALEXIS’ LINE? WOULD YOU WEAR ALEXIS COUTURE?
Speaking exclusively to UsWeekly magazine, Vicki, 48, sheds a little light on why she filed for divorce fromDonn Gunvalson, her husband of 16 years.
“We tried,” said Vicki. “It’s just too hard on both of us.” She added: “It is amicable and we want to keep this as private as possible.”
Vicki also posted the following on her facebook page – “Donn has been an important part of my life and he will continue to be,” she wrote. “I would like to thank all of you for the outpouring of love and support that we have received.”
Also speaking out on Vicki’s divorce filing are her co-stars and her son. Tamra, Alexis and Michael had the following to say to RadarOnline -
Alexis Bellino – “This is totally unexpected, I really didn’t see it coming,” Alexis told Radar.“I’ve spent a great deal of time with them and they seemed very content with one another.” Alexis added – “Reality TV is hard on any marriage, and I will be praying for their family during this trying time.”
Tamra Barney – “I can’t speak for Vicki, but I spent some time with her in the past week or so and she’s a little stressed out and…clearly upset. But only she knows what’s best for her… It’s a difficult decision. I’m just beside myself because I love Donn and I love Vicki,” Tamra said. “My heart breaks for both of them and I truly wish them the best. I only wish they get through this without it being a giant circus. And only they know what’s going on.”
Michael Wolfsmith – “I think it’s for the best and they don’t really enjoy spending time with each other anymore and my mom’s always gone and traveling and Donn deserves someone who’s going to be at home and she deserves someone that’s going to support what she does,” said Michael. “My mom’s always gone… He’s home alone a lot, he’s just not happy and she’s not happy so whatever my mom wants to do I support.”
As we reported yesterday, the 6th season of the OC Housewives is currently filming so this divorce news will likely be on the show.
TELL US – WHAT ARE YOUR THOUGHTS ON VICKI, TAMRA, ALEXIS & MICHAEL’S COMMENTS?
According to the divorce documents, Vicki, 48, married Donn in 1994. The two have no children together while Vicki’s has two children from a previous marriage — Michael, 23, and Briana, 22.
This news doesn’t come as the biggest surprise as the Gunvalsons have been shown experiencing marital problems on the Bravo hit show, though they attempted to make things work by renewing their vows back in July of 2009.
Vicki was also photographed kissing a college student earlier this year, something she described as just fun and not cheating. Vicki’s co-star and BFF on the show, Tamra Barney, also left her husbandSimon Barneyback in January.
TELL US – WHAT ARE YOUR THOUGHTS ON THIS NEWS? ARE YOU SURPRISED?
UPDATE – The 6th season of the Real Housewives of OC is currently filming so this will likely be on the show.
UPDATE #2 – Castmate Alexis Bellino spoke to RadarOnline stating she is surprised by the divorce news. “This is totally unexpected, I really didn’t see it coming,” Alexis told Radar.“I’ve spent a great deal of time with them and they seemed very content with one another.” Alexis added – “Reality TV is hard on any marriage, and I will be praying for their family during this trying time.”