The report alleges the bank has started the procedure of foreclosing on her NJ mansion. A legal document is shown detailing the beginning process of a foreclosure. It is dated 10/16/2009.
Teresa was shown on the first season of the show moving into her mansion, and spending thousands of dollars furnishing her new home.
Teresa’s husband, Joe Giudice, also happens to be in the construction business which has been hit hard by the recession.
UPDATE: RadarOnline is confirming this is true. The foreclosure papers were indeed filed.
UPDATE #2: According to the NJ Star Ledger, the foreclosure is for another property owned by the Giudices, and not for their mansion. Their mansion is still safe, for now at least.