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Newest ‘Real Housewife of Orange County’ Faces Foreclosure

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In more depressing Real Housewives of Orange County news, it seems that the newest housewife, Peggy Tanous, and her family are on verge of losing their home.  According to the OC Register, The Tanous family defaulted on their mortgage. The $1.4 million home has been scheduled for a foreclosure auction, which has not yet occurred.

Unfortunately, Peggy is not alone in her struggle to keep her home. It appears that the Real Housewives of Orange County have been the hardest hit by the economy of all the Real Housewives cities, possibly because most of the cast-members had new-money and were involved in real estate. Wall Street Journal reports that Alexis Bellino‘s house recently sold for $3 million. Various source reported that the Bellinos faced foreclosure, after they reportedly defaulted on a loan. The Bellinos steadfastly deny that they faced foreclosure at all, and issued a statement to that effect. Tamra Barney sold her home in a short sale, which we saw last year. Jeana Keough was hit hard by the economy, as a real estate agent, and faced serious financial problems. She was able to use a loan mod to avoid foreclosure. Former OC housewife, Lynne Curtin, was evicted from her rental home, which was caught on camera last season. And these are just the OC housewives. Who could forget Teresa Giudice, of Real Housewives of New Jersey, screaming at Danielle Staub, “My house is not in foreclose, bitch!”

Peggy gave a tour for the OC Register, in which she detailed the various luxurious amenities of her home: sword collection, Al Pacino wax sculpture, script from the movie Scarface, home movie theater, Versace chairs and china, and a wine-on-tap system, to name a few. Check out the video tour below.

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