As we previously reported, Real Housewives of New Jersey Star Jacqueline Laurita’s home was in pre-foreclosure, and now TMZ reports Jacqueline Laurita is ‘being sued by Hudson City Savings Bank. The bank claims Jacqueline took out a $1.6 million mortgage back in 2007 on a 5,600-square-foot pad, but in Feb. 2012 failed to cough up the $10,175 monthly mortgage payment.’
According to the deal Jac signed with the bank. if she misses one payment, the bank can demand the entire balance… and they did!
The bank is now asking a judge for permission to foreclose on the home.
This is not Jacqueline’s only financial problem, she owes $340,000 in back taxes to to the state of New Jersey. If Jacqueline doesn’t pay her tax debt, the state will put a lien on her assets.
Jacqueline and her in laws are being sued for more than $7 million in bankruptcy court, and they are accused of converting millions of dollars for their own personal use. The lawsuit revolves around Signature Apparel Group, LLC, which was started by Jacqueline’s husband, Chris, and his brother, Joseph. Signature went bankrupt in 2010, but attorneys are alleging the Laurita’s “drained the company of all its funds and assets in order to support their families increasingly opulent lifestyle.”
Photo Credit: Bravo