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Lisa Wu Hartwell home foreclosed

Ed Hartwell with wife Lisa Wu Hartwell

Despite a report by TMZ revealing that Lisa Wu Hartwell and husband Ed Hartwell had their home foreclosed, Lisa is now denying the foreclosure to People magazine. We were “not evicted, it was a short-sell. It was not a foreclosure,” says Lisa.

Lisa, 38, continues, “It was decision that we made and not one that was made for us. But we were not put out.” As for the TMZ report that the couple defaulted on their bank loan, she re-affirms that an attempt to restructure the loan “didn’t work out.” Lisa claims, “we chose to move, we were not evicted.”

It seems short-sell is what they’re calling foreclosures nowadays. I take it she “chose” to move after receiving notification of a foreclosure from her bank. Even her rep confirmed the foreclosure story yesterday. Plus TMZ has documents confirming the story.

Lisa however admits her family has moved into a new “downsized” home in a neighboring community due to the pressure of the recession. This clashes with the comment her rep made yesterday, saying the couple has moved into a new home sitting on 10 acres. Not sure how 10 acres is downsizing.

TELL US – ARE YOU BUYING LISA’S SPIN ON THIS STORY?

Lisa_Wu_Hartwell_Real_housewives_of_atlanta_2

Another day, another foreclosure for The Real Housewives of Atlanta. The latest housewife to get her home foreclosed is Lisa Wu Hartwell. Sheree Whitfield’s home was foreclosed a while back.  Nene Leakes was also evicted from the home she was renting late last year.

TMZ is reporting today that Lisa Hartwell and her husband, former Oakland Raiders linebacker Ed Hartwell, were booted from their multi-million dollar Georgia mansion last week — after the bank foreclosed on the place. The bank sold it shortly after.

Lisa’s rep does not deny the story. The rep claims the couple was in talks with the lender to restructure the loan because the home had lost value — but that failed. They originally bought the place for $2.9 mil back in 2007 but the bank only got $1.9 mil when they resold it this month.

The rep continues, “Ed and Lisa are fine. They have settled in their [new] home, that sits on 10 acres and they OWN it!”

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