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'Real Housewives of New Jersey' Couple Melissa and Joe Gorga Owe $2.25M in Mortgage

June 21, 2012 06:59:36 GMT

Melissa Gorga and her custom builder husband, who is the brother of Teresa Giudice, put their second New Jersey house for $520,000 to help ease their crippling financial trouble.


Joe Gorga, Melissa Gorga
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Photo credit: PNP/WENN

Another "The Real Housewives of New Jersey" couple is in financial trouble. After Teresa Giudice and her husband Giuseppe Giudice declared bankruptcy, now it's revealed that Melissa Gorga and Joe Gorga, who is Teresa's brother, have a huge debt as well.

The couple owes $2.25 million in mortgage, according to Radar Online. They took out the loan in 2007 to refinance the house they originally purchased for only $450,000 in 2005. "This mortgage is given as additional collateral for a construction mortgage loan," it's mentioned on the paperwork.

They have put the house, which has been modified by custom builder Joe, on the market for $520,000. It covers 684 square feet, has three bedrooms & two bathrooms, and boasts an outdoor saltwater pool and patio area complete with outdoor kitchen and fireplace.

Melissa and Joe have also sold their Montville Township mansion for $3.8 million because they couldn't afford the mortgage payments. "They are portraying a life they that they really didn't live prior to the show," a source said.

While Melissa opts to sell her properties to solve her problem, Teresa chose to visit a bankruptcy attorney to discuss her options. "In bankruptcy, you are able to start your life again," she said. "And that's exactly what I'm doing. Just because you do bankruptcy doesn't mean you have to crawl and die in a hole."

© AceShowbiz.com




Post Your Comments

posted by kesi on Jun 25, 2012
NO I LOVE MELLISSA AND IF I WAS HER I WILL KICK TERSEA DUM ASS
posted by Don on Jun 23, 2012
Sounds like they are ahead with 2million after selling the properties. Big deal! At least they didn't fleece people out of 11million like Teresa. Wonder who the "source" is on this lame story.
posted by d1jem on Jun 21, 2012
You know melissa, KARMA is a Bitch! Just like YOU!!

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