June 11, 2010 09:00 AM by Nancy Floyd
After recently filing for Chapter 7 bankruptcy, Teresa Giudice, star ofÂ Bravo‘sÂ The Real Housewives of New Jersey, is selling off her New Jersey mansion. Viewers of the show watched the construction on the 10,000-square foot custom-built mansion on the first season of the show. Keep reading for more details on the home’s impressive features, the asking price, and how Giudice is coping with the financial stress…
Teresa Giudice’s lavish lifestyle was always evident onÂ Bravo‘sÂ The Real Housewives of New Jersey, but it seems her extravagant spending has finally caught up to her. She and her husband, Joe, recently filed for Chapter 7 bankruptcy in their native New Jersey. With over $11 million in debt, Teresa and Joe must sell off their assets to pay creditors. First thing to go? Their 10,000-square foot dream home.
The Giudice’s mansion was at the center of much of the first season ofÂ Bravo‘sÂ The Real Housewives of New Jersey. Viewers were able to watch the construction of the custom-built Towaco, New Jersey home. Unfortunately, after such a short time, the Giudices are being forced to sell it. Their asking price? A whopping $3.99 million!
In addition to 10,000 square feet, the impressive Towaco mansion boasts 16 rooms, 5-and-a-half baths, a game room, a wine cellar, two ponds and a stream on the property, a waterfall, and a guest suite. Despite the recent financial woes, Teresa Giudice seems to be in good spirits. “I have moral support; I have my daughters and my husband,” she said. “As long as we’re in good health, that’s all we can do. I think this kind of situation is all over the world.”
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Photo Courtesy of Bravo
Topics: Bravo Reality TV Shows, The Real Housewives Of New Jersey |
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