Last year, the story of the foreclosure on the house Teresa Giudice and family of the New Jersey Housewives previously occupied was posted here.
Here’s the latest story on their true finances.
She has a gaudy new mansion, pricey breast implants and spends thousands of dollars on shopping sprees for her spoiled brats — but a New Jersey reality star and her goombah hubby are real-life deadbeats who owe $11 million, court records show.
Free-spending “Real Housewives of New Jersey” diva Teresa Giudice and her husband, Joe, make just $79,000 a year and are up to their tanned necks in liens, foreclosures and unpaid bills, according to bankruptcy papers filed in Newark federal court.
The Giudices say they owe creditors $10,853,648.04.
Teresa, known for her lust for designer clothes and expensive bling on the Bravo show, owes nearly $20,000 on credit cards for Bloomingdale’s, Nordstrom and Neiman Marcus. In total, the Giudices show $104,000 in debt on at least eight credit cards.
Getty Images
Teresa Giudice With hubby Joe
The bank has moved to foreclose on the Giudices’ $1.8 million, 10,500-square-foot, eight-bedroom, 5½-bath marble-and-onyx manse in Towaco, NJ, the couple moved into during the first season.
Teresa and Joe defaulted on their $1,280-a-month payment for the family’s ubiquitous black Cadillac Escalade. They also didn’t have insurance on the massive SUV, according to GMAC.
Teresa — who this season told Joe to get a vasectomy — owes $12,000 to a Garden State fertility clinic.
* Banks have taken the couple’s $279,000 four-bedroom Jersey Shore house. The Giudices had three mortgages on the house and owed $325,000. The couple also handed over a $200,000 home in Lincoln Park, NJ, that had four mortgages — and an outstanding debt of $600,000.
* Teresa and Joe owed another $1 million for property in Clifton, NJ, that has been given back to lenders.
On the show, Teresa famously dresses her four daughters in designer clothes, and last season dropped $2,000 in 10 minutes of shopping.
Yet, in bankruptcy papers, Teresa and Joe claim to spend just $400 a month on clothes.
On a recent “Real Housewives” episode, Teresa boasted that she dropped “a fortune” on daughter Gia’s televised 9th birthday party. The child got an all-terrain vehicle, along with a trip to a spa in a pink stretch limo for her and her friends.
Joe, who “owns several successful businesses throughout New Jersey,” according to his wife’s Bravo bio, owes more than $5 million, including debts to former partners associated with his Section 8 real-estate deals.
In court papers, Joe, who owns a stucco and stone company, lists his monthly income as $3,250; Teresa pulls down $3,333 a month for her Bravo gig. The couple gets another $10,000 in “monthly assistance from family members.”
Spendaholic ‘housewife of NJ’ owes a big-hair-raising $11M
Behind the bankruptcy filing
What the Giudices make a year:
$79,000 (plus $120,000 in “assistance” from family members)
What they owe: $10,853,648.04
Credit Cards
$104,000
including $20,000 to Bloomingdale’s, Neiman Marcus, Nordstrom$1,280 monthly payment for Cadillac Escalade
Mortgages
$2.6M
for eight mortgages on three homes (two have been handed back to lenders)$5.8M Joe’s business investments
$85,600 Home repairs
$12,000 Fertility treatments
$2,300 Phone bill
Joe is a bookie. They use cash always. Banks don’t give million dollar homes and 10 mortgages to people who make $80K. am i the only one who figured out this guy?
no, you are not the only one.
Dear Absurd.. I want to thank you for being the ONLY website that consistently lets users post comments that aren’t deleted or never posted. Kudos to you! Also love the new layout, but wanted to post this TG comment and not sure where to do it??? if you can find a more appropriate place to put this comment please feel free!
I’m a few episodes behind this snorefest that’s RHONJ, and last night I saw something that I can’t believe no one else has commented on, )which is why I’m sure I’m in the wrong place!).
This disgusting, horrible nightmare of a Mother throws a ‘birthday party’ for Gia, who is turning NINE. The obligatory tantrum getting dressed, the 20 or so little girls showing up (the HANDLES on the front door???) with the little goblin grabbing present bags left and right, the 100 foot pink limo (how’d ya like to be THAT driver), and then…oh then…..”Daddy” pulls up with a tiny pink ATV, which after Teresa asks her 40 times “DO YOU LOVE IT????!!” until she gets the answer she wants, she proceeds to plop the nine year old on, then puts the other sister who is what, 4? 5? and they take off at easily 30 miles an hour! All the while screaming “Don’t get yuh dress dirty! Watch the mud puddles!!”. I was eating dinner and literally stopped dead in mid-bite as they go flying down the driveway and back; thunderstruck at what I was seeing. I called my husband in and played it for him and he too was staring at it mouth open. Did I miss something? Am I the only one who completely freaked-out over this? I’m not even a parent but if that’s not child endangerment I have no idea what is. The pig husband doesn’t even do anything! (I’m still reeling from hearing him saying “who wants ta look at ya ugly face?” right before Gia’s fashion show debut). So we know they are both pigs but has anyone in law enforcement seen this? Please tell me there is a column on this that I missed?
Thanks, ATS….Beth In Nashville
why are you posting this shit? that’s there business let them go into bankruptcy… people like you are pathetic sharing shit like this. i have three words for you – Get A Life.
xo
What these people are doing is criminal. I saw something about Joe and a partner falling out over a deal that had something to do with low income housing. I do hope they were not scamming. I will look and see where I saw a mention of this. That would be beyond gawdy. They are trying so hard to deflect their criminal behavior and focus on Danielle’s sex tape. Teresa and Joe PAY YOUR BILLS AND PAY ATTENTION PUH LEEZE. On Ipod right now Bills Bills Bills by Destiny’s child.lol. 11 Million is a whole lot of criminality.lmao. Is that a word?lol
They have to get approved/discharged of their filings – A decent judge should not let them get away with this and force them to do chapter 11 instead. Seriously once that family assistance goes what will they do? They need to go find a small place in Jersey somewhere and live like real NJ people. Pathetic.
She talks crap about how fake Bethenny was yesterday and today we find out the real deal. The timing of this is priceless.
Checking the figures it looks more like theft….something in the milk isn’t clean.
Holy CRAP!!! She needs to sell a lot of books now!