Real Housewives of OC’s Bellino Avoids Foreclosure

It’s incredible how many troubling real estate headlines are generated by women from the Real Housewives’ series and here’s yet another one: Alexis Bellino of the Real Housewives of Orange County and her husband, Jim, reportedly avoided foreclosure when they were given a last-minute loan modification from their lender, according to The Orange County Register.

The Register reports the Bellino’s defaulted on more than $84,000 in debt and fees on this 6,435 sq ft home in Newport Beach, CA they have owned for two years. They were scheduled for a foreclosure auction on Wednesday, but Chase Bank modified their loan.

The home is on a large, 9,100 square foot lot and is “… one home away from Bayshore’s private beaches.” It has an open floor plan with six bedrooms, eight bathrooms, a workout room, home office, home theater, wine room, and enclosed parking for five cars. Outdoors is a private spa, stone fireplace and built-in barbecue, and the roof top deck offers scenic bay and sunset views.

According to Zillow’s price history chart, the couple purchased the home in 2007 for $4,560,000 and listed it for sale in May 2008 for $7,999,000. After several price drops and re-listings, the price was reduced all the way to $5,775,000 in July 2009 before the listing was removed.

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