Real Housewives of Orange County – Another Home Bites The Dust!
Posted by ImaJustSaying on May 6, 2011
According to the EXCLUSIVE of Radaronline.com Peggy Tanous is the next Real housewives victim to fight the banks to keep her home. I think this may be an epidemic of the worst kind while people spend so much money to film their lifestyles on Bravo while pretending to be swimming in the dough. How many times have we seen Real Housewives husbands (mostly OC) shower their wives with jewels, fancy cars and extravagant furnishings just to impress the viewers then subsequently have their homes fall into foreclosure?
I would only imagine if the camera’s were not rolling, the spending habits would not be so extravagant. Who is trying to out do who? I wonder if Tamra is going to make fun of Peggy or show some sympathy? Or is that just reserved for girls who she seethes venom for who has a better body? Tsk Tsk Tsk OC. Cant anyone learn from other cast members?
On the other hand, even Real Housewives can fall victim to where their homes had fallen so much in value from the original purchase price that it would not make sense to keep. Details below.
Ok now that I spewed me shnark, it is a trying economical time for all and I do have sympathy for anyone who experiences this. I mean the people who are working hard to avoid the bill collectors. Not the ones who are spending hard in front of the cameras to make us think they are rich and carefree to impress.. um.. us? Expensive dinner party anyone?
Former model Tanous is in a dogfight with three banks to keep her $1.3 million-home in Irvine, Calif., out of foreclosure, RadarOnline.com has learned.
While BAC Home Loans Servicing, U.S. Bank National and PNC Mortgage are trying to kick her and her family out and sell the house, Tanous has struck back with a lawsuit.
She claims the banks didn’t honor a loan modification agreement!
The 41-year-old Tanous and husband Micah, an internet entrepreneur, made timely payments for about two years after buying the place in 2006.
But, like millions of Americans, the Tanouses began experiencing financial trouble, according to her lawsuit. Their monthly checks on not just one, but two loans, because few and far between. They have one mortgage for $1 million, and a second for $312,540, according to records.
They also quit paying Orange County property taxes. The couple, however, negotiated a payment plan that they’re abiding by.
In her lawsuit, Tanous claims she made similar arrangements the banks. She hammered out a deal to pay interests only for 10 years – but was shocked in November when the banks still filed a foreclosure notice!
“(Tanous) is determined to keep the property,” the lawsuit reads. “It is her family’s home, and she does not want to lose the Property in a foreclosure sale.”
The stay-at-home mom of two little girls wants a judge to prevent the foreclosure sale.
Her home is in Irvine, California.
Last sold for $1,379,000 on 2/17/2006
Last assessed at $875,000 on 2009
- $875,000 on 2009
- $1,136,000 on 2008
- $1,377,000 on 2007