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Jim and Alexis Finally Find a Buyer

Posted by tinselkitty on March 18, 2011


 

On what must have been a ridiculously slow news day yesterday, the Bellinos scored a story on a Wall Street Journal blog. Yeah, yeah, the whole of journalism’s in the pooper, all the papers are failing and those damn bloggers are ruining everything for everybody. But, come on. The Bellinos? In the Wall Street Journal? Sure feels like one of the four horsemen to me.

From the Wall Street Journal

One of the Orange County Housewives’ real-estate woes are over. For now, at least.

The six-bedroom home Alexis Bellino shared with husband Jim and three young children sold for $3 million, a steep drop from November’s $5 million asking price, the Orange County Register reports.

Developments has chronicled the Bellinos’ near-foreclosure after they reportedly defaulted on the loan for their Newport Beach, Calif., mansion. That sent them spiraling toward foreclosure, but they were able to arrange a short sale, or selling the home for less than what’s owed, to avoid losing it to the lender. The Bellinos, who could not be reached for comment, have made it clear the drama is a business decision, not an indication of any financial woes.

The 4,200-square-foot home was purchased at the height of the real-estate frenzy, when it seemed values could only increase: It sold for $4.56 million in August 2007, a month after the county’s median home price struck an all-time high and then plunged 42%. The debt on the home has been reported at $4.7 million. Many Americans in similar positions are walking away from their homes.

Housing could easily be a main theme on the Orange County-based reality show — though the blonde, Botoxed stars seem more interested in shopping and cat fights. We’ve reported that newcomer Peggy Tanous’ home could be auctioned today, though such events are often delayed at the last minute. (The Register provided an interesting peek into the residence with everything from Versace china to a sword collection.)

Tamra Barney unloaded her 4,300-square-foot Tuscan-style mansion in a short sale last year. Jeana Keough used a loan mod to avoid foreclosure on her seven-bedroom, nine-bathroom home.

 

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8 Responses to “Jim and Alexis Finally Find a Buyer”

  1. Bryan said

    Good Morning All

    Barnyard Barney and “Tuscan style villa” are contradiction in terms, OY!!!

  2. carrot said

    Morning Bryan, all.

    That’s a damn cute house– I was expecting some sort of tract housing McMansion.

  3. Bryan said

    @2 Carrot, yeah way too nice for those two schleps!

  4. Dani said

    Morning all.

    Uhh, a business decision and not any indication of any financial woes yet you are taking a huge loss financially. Ok Jim. Still trying to keep up the facade that you are a wheeler dealer making big bucks. That guy skeeves me out. Why not just be honest and admit you hit hard times like many people across the country did. It makes you more credible and people might actually have a reason to indentify with you instead of mock you. Can’t stand phoney boloney people.

  5. @tweatcyn said

    I agree, really cute house! Tinselkitty made me LOL once again. One of the Four Horsemen. hahahahaha

  6. Oy Vey said

    Oh hell! He pisses me off, we lost our house in a title scam a few years ago, right before all the housing took a shite. Just admit you f’ed up and we might respect you some.

  7. Erin said

    Yes!

  8. CorporateGirl said

    I noticed everybody was named having financial woes except Vickie. Gretchen’s house isn’t worth talking about. Alexis is phony! And god will expose her for not being huimble!

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