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


Joe Gorga, Melissa Gorga


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.

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


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Kylie Jenner Goes Makeup Free During a Day Out With Tyga
  2. Pregnant Again? Blac Chyna Sports Suspicious Bump While Stepping Out With Another Man
  3. Report: Michael Strahan Begging to Return to 'Live! with Kelly' After Feud With 'GMA' Co-Host
  4. She's 'Dying'! Cher Suffers From Mystery Illness
  5. Madonna's Malawi Twins' Father Says He Didn't Realize the Adoption Was Permanent
  6. Stella Maxwell Shows Off Her Pert Derriere in Cheeky Hotpants
  7. Fergie Shows Off Pert Derriere in Cheeky Instagram Picture
  8. You're Not the Victim! Brad Pitt Blasts Angelina Jolie's Cambodian Interview
  9. Angelina Jolie Finally Breaks Silence on Brad Pitt Split: We Will Always Be a Family
  10. Kanye West Is Begging Kim Kardashian to Stop Doing Plastic Surgery

CELEBS PHOTO