Teresa Giudice has long known she’ll be home for Christmas, but she hasn’t known for sure she would actually have a home to come home to when she gets out of prison.
On Friday, a lawyer for the Real Housewives of New Jersey star, told People magazine that Teresa Giudice’s house is no longer in foreclosure.
— People magazine (@people) November 14, 2015
“Like a lot of people, the Giudices had fallen behind on their mortgage payments, which then puts the home into foreclosure as a way to protect the bank,” James J, Leonard, Jr. explains. “Fortunately, they were able to pay back the money owed in full and the home is no longer under the threat of foreclosure.”
It was back in April that the home owned by Joe and Teresa Giudice went into foreclosure. Teresa and Joe listed the 10,000 square foot home for sale at that time, with an asking price of $3 million.
“Losing the family home was never an option. Teresa made that very clear to me,” Leonard says. “There was no way we were going to let that happen. I am very happy it all worked out.”
In March of 2014, both Joe and Teresa Giudice pleaded guilty to mail, wire and bankruptcy fraud. Shortly after Teresa gets out of prison in December, Joe Giudice will begin serving a 41-month sentence.
Joe and Teresa Giudice will enjoy the last Christmas for quite some time with their family all together this year.
— Us Weekly (@usweekly) November 13, 2015
“This is the family home where they have raised their daughters,” Leonard says. “There is a lot of sentimental value there for Joe and Teresa, who are thrilled and relieved that they get to stay in the house.”
For the sake of Joe and Teresa Giudice’s daughters, this is surely a blessing. These girls are no doubt experiencing a wealth of emotions over their mom’s incarceration, and anticipating their dad’s, too. Being able to stay in their own home will lend some stability to an otherwise crazy situation.