When The Checks Stop Coming In: RHONJ’s Melissa Gorga And Husband Joe Owe $2.25M Mortgage On Their $500K Crib!

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Categories: In White Folks News, Pay Yo Bills, Reality TV, SMH, When The Checks Stop Coming In

Melissa Gorga, Joe Gorga, at the 'One for the Money' premiere

Melissa Gorga Of RHONJ Owes $2.25M Mortgage On $500K Home

SMH. Why do these people continue to live above their means???

Via Radaronline:

Real Housewives of New Jersey stars Melissa and Joe Gorga just put their Toms River home on the market for half a million dollars, but RadarOnline.com has exclusively learned the couple owes more than four times that on their mortgage. According to public property records obtained by RadarOnline.com from the Ocean County Court House, the Gorga’s took out a $2,250,000 mortgage on November 16, 2007 with Sterling Bank, plus interest.

“This mortgage is given as additional collateral for a construction mortgage loan,” the paperwork states. Melissa and Joe originally purchased the home for only $450,000 in 2005 on which they took out an initial mortgage of $360,000 and a secondary mortgage of $45,000 based on that year’s mortgage interest rates. Looks like Joe’s sister Teresa Giudice and her husband aren’t the only ones who are in over their heads financially and even visited a bankruptcy attorney to discuss their options.

“In bankruptcy, you are able to start your life again — and that’s exactly what I’m doing. Just because you do bankruptcy doesn’t mean you have to crawl and die in a hole,” Teresa said. “Am I terrified of being poor? I don’t think I’ll ever be poor. Because I am a hard worker and my husband’s a hard worker.”

As RadarOnline.com previously reported, Melissa and Joe are unloading their homes because they just can’t afford them anymore. “Melissa and Joe are in way over their heads. Joe owes a lot of people money,” a source close to the couple revealed.

SMH. Poor thangs…literally.

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