Some 4 months for the reason that sale of Joe and Teresa Giudice’s longtime household dwelling formally offered, new particulars have emerged.
The six-bedroom, 5.5-bathroom Towaco, New Jersey property formally closed in Could for $2 million after a few value cuts, a contract fall-out and a complete of 19 months available on the market.
However it appears like the entire proceeds went to Teresa — and her ex-husband, Joe, was left with nothing, The Submit can report.
“The vendor will not be receiving internet proceeds from the sale. Web proceeds from the sale means the online quantity because of the vendor on the settlement sheet,” property data obtained by The Submit acknowledged of Joe, who has been marked as one of many sellers, together with Teresa.
On the identical property submitting, it states Teresa would get 100% of the $2 million.
In accordance with an insider, the proceeds went to Teresa as a part of the preliminary divorce settlement between her and Joe, who was deported to Italy in October 2020.
The supply added, nonetheless, that though the “Actual Housewives of New Jersey” star earned the complete quantity from the sale, her mounting debt from the previous couple’s previous fraud case primarily left her with nothing as properly.
“On the finish of the day, neither one in all them acquired any proceeds from the home,” the supply mentioned. “Teresa didn’t get cash. Joe didn’t get cash.”
“That they had a mountain of debt, which they mentioned in divorce,” the supply added.
Information present Joe, 52, bought the house for $530,000 in 2002. Teresa was later added onto the deed.
In 2015, the now-divorced couple’s dwelling confronted foreclosures after owing $1.7 million to the financial institution in connection to their fraud case, by which Teresa was sentenced to fifteen months in federal jail and Joe was sentenced to 41 months.
In the meantime, Teresa defined that it was laborious for her to let go of the 20-year dwelling she raised her children in, nevertheless it was one thing she needed to do.
“It’s laborious for me to promote the home,” she revealed on digital camera in a confessional in March. “[My ex-husband] Joe and I constructed the home collectively; we raised our 4 daughters in that dwelling.”
“I'm prepared for a brand new starting,” she added. “I’m in search of a contemporary begin.”
Teresa Giudice’s new property spans over 7,700 sq. toes.
The household room.
The gourmand kitchen.
The first suite.
The second ground hallway.
The formal eating room.
The primary ground workplace.
The formal lounge.
The entry corridor.
The salt water pool and spa.
The house theater.
And a contemporary begin she acquired.
Teresa, 50, and new husband, Luis Ruelas, 47, shelled out $3.3 million for a luxe seven-bedroom, 11-bath dwelling in Montville, solely 10 minutes away from her outdated dwelling.
Located on 5.66 acres of land, her new dwelling comes full of all of the facilities, together with a house theater, and a salt water pool with an underground slide and a cabana, based on the earlier itemizing.
The Submit has reached out to reps for remark.
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