Joe Gorga tells US weekly, “We tried Montville, but it just wasn’t for us. We want to go back to Franklin Lakes, which is closer to where I work, and we’re looking at a couple of properties now.” Melissa adds, “I absolutely love our current house and will be sad to leave, but Joe is an incredible builder, so I have no doubt that I’ll love the next house just as much. Although this is the last time he is getting me to pack-up”
I smell a bunch of BS! Why create a studio for your wife when you are planning on selling the house? Just doesn’t add up! And why sell the shore house as well? Are the Gorgas having money trouble? It seems like it! I looked into the Gorgas and their beautiful home and found some interesting documents and information from their property. It seems as if Joe and Melissa took out a construction loan on their house. The loan was for $2,500,000. A construction loan is supposed to be for builders/contractors to get loans to build houses in order to sell them, not live in them. They tried selling the house but couldn’t. Once Bravo started considering them for the show, they moved into it. In one of the documents (photoed below) they sold the property for one dollar from being owned solely by Joe to being owned by both Melissa and Joe. There are also two liens against the property from 2008. In April of 2011, Joe and Melissa got a loan modification-they were due to pay a lump sum of $2,500,000 but got the bill to a monthly payment. It appears that they have a large payment due this month! It looks like their monthly payment is $11,829.40 and the taxes on the house are a whopping $56,000 a year.
Below are documents from the Gorgas deed, Lien, Modification, and mortgage! Click the image to make it larger.
Yeah. I know. It was a lot for me to take in too. Let’s Discuss. Thoughts on the documents?
Follow AllAboutTRH On Twitter: Click Here
Like AllAboutTRH On Facebook: Click Here