In sad Real Housewives of New Jersey news, Jacqueline and Chris Laurita are at risk of losing their Franklin Lakes, NJ mansion which has been featured on RHONJ since season one! According to a new report, the Lauritas missed a payment back in February 2012 and because of their loan’s stipulations, the bank is now seeking foreclosure on their home.
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.”
You might think missing one payment is reparable, but in this case, it is not. According to TMZ, when the Lauritas took out the home loan, one of the conditions was that they would not miss a single payment, otherwise, the bank would ask them to cough up the entire remaining balance.
Now, the Hudson City Savings Bank is suing and asking a judge to approve the foreclosure. This can only add to the stress the Lauritas face with their tax debt, their apparel business bankruptcy, all on top of raising their son while trying to fight autism.
It’s never good to revel in others’ misfortunes, but it does raise a question. I wonder if Jac will address this on season five. All I am having are flashbacks to her confronting Teresa on season four because she would not talk about her financial and legal issues on camera with her! Jacqueline better be spilling details left and right on season five otherwise she will be one big hypocrite. Thoughts?