Teresa Giudice's family avoids home foreclosure with mysterious funds
Teresa Giudice will have one less thing to worry about this Christmas.
When The Real Housewives of New Jersey star is released from prison in time for the holidays, she’ll be able to celebrate in their family home, which belongs to them and is no longer in danger of foreclosure.
The family’s lawyer, James J. Leonard Jr., told People magazine this week that the New Jersey mansion is out of foreclosure and the family is current on mortgage payments.
"Like a lot of people, the Giudices had fallen behind on their mortgage payments, which then puts the home into foreclosure as a way to protect the bank," he said. "Fortunately, they were able to pay back the money owed in full and the home is no longer under the threat of foreclosure."
The 10,000-square-foot estate in Montville, New Jersey, went into foreclosure back in April. Soon after, the Giudices put the property on the market for $3 million. But Leonard says they never actually wanted to sell the home.
"Losing the family home was never an option," he said. "Teresa made that very clear to me. There was no way we were going to let that happen. I am very happy it all worked out."
He continued, "This is the family home where they have raised their daughters. There is a lot of sentimental value there for Joe and Teresa, who are thrilled and relieved that they get to stay in the house."
What remains somewhat of a mystery is where the embattled family got the funds to make the back payments on their mortgage. Their money problems haven’t exactly been a secret. Was it a big payday from their Teresa Checks In TV special? Is Joe making bank in the construction industry? Did Teresa get an advance on the book she’s writing from behind bars? Or did they have it all along?