Sunday, February 13, 2011

Jim & Alexis Bellino Home Foreclosure Canceled

Real Housewives of Orange County's Alexis Bellino and Jim Bellino at The Queen of Hearts Ball at Lavo

The Real Housewives of Orange County‘s Jim and Alexis Bellino have claimed all along that reports of their filing for bankruptcy and losing a $5 million home to foreclosure have been greatly exaggerated, and judging from the fact that the home is no longer scheduled for auction, it appears they were right!

According to The Orange County Register the auction has been canceled and the Newport Beach home is being offered as a short sale for $3.395 million. Here is the official statement from the Bellino’s lawyer, Michael York:
“Some media reports have speculated that Mr. and Mrs. Bellino are having financial problems, which have resulted in issues between them and Chase. The speculation is inaccurate. Mr. and Mrs. Bellino do not have and have never had financial problems, and the issues between them and Chase are due to good business decisions that Mr. and Mrs. Bellino have made, not financial problems.

“The property was never going to be foreclosed against. Mr. and Mrs. Bellino have been negotiating with Chase for months, an agreement with Chase has been reached, and the issues between them and Chase have been resolved."
 Credit: Asa Hawks for Starcasm

25 comments:

  1. His Lawyer is family. If they weren't having financial problems how do you no pay your mortgage. They are house poor, filed bk, and I guarantee they won't be able to come up with the payments. This story is long from over.

    ReplyDelete
  2. Agreed, you don't sell with a short sale if you aren't having financial problems.

    ReplyDelete
  3. and Yep! He still looks like a turd!

    ReplyDelete
  4. They NEVER filed for bankruptcy. Get your facts straight. And how many times do we have to see people from ALL walks of life go through this before we stop judging? Kudos to the Bellinos for hanging onto the truth..... AND their home to boot! Hater, you're so transparent. And seriously, like if you had a lawyer in the family you wouldn't use them as counsel? YEAH RIGHT!

    ReplyDelete
  5. They may have never filed bankruptcy, but his company, Global Marine filed Chapter 11 and he is short selling a home for 1.5 mil below their mortgage on which they aren't making payments. No financial problems - you do the math!

    ReplyDelete
  6. They are posers, I feel so sorry for their children....poor kids!!!!

    ReplyDelete
  7. @matanzanera: you're right about people shouldn't judge considering this can happen to anyone, but the Bellino's aren't truthful. You don't do a short sale if you aren't having financial problems. Why not just tell the truth by admitting, times are tough, and in this economy we need to downsize! Instead, they just keep saying that they aren't having any financial issues, but yet can't make their house payments...hmmm.

    ReplyDelete
  8. Sad....and a bit comical. It does sound a lot like they are having financial problems.... maybe they should give up a couple diamonds and get back to basics!

    ReplyDelete
  9. This loser bought 2 expensive watches in San Diego, rented an extravagant villa 1 hour from their house and are typical losers...spending more than they make trying to keep up with the Jones'. Filet Mignon taste on a fishstick budget....f-n losers!!!!!

    ReplyDelete
  10. I truly can't believe people watch this junk! That's all it is. And people on these shows are sooooo materialistic !!! It's so sad. Get a life and stop worrying about your neighbors. Whoever said that eating filet mignon on a fishtick budget has it so right. In the long run the taxpayers are the one flipping the bill for these idiots. If they do their so called "Short Sale", the banks lose $ and therefore they pass it on by higher rates on everything from loans to credit card fees, etc. So for them living this life style and failing at it, we as taxpayers have to pay for it. They should have to go to jail for this. It should be a crime. If you can afford to live like this, fine, but if you can't these pay the consequences. They are nothing but thieves stealing from me and you. They live in that mansion and it really comes down to use paying for it. And then to have the nerve to go and buy 2 new watches when they are in financial ruin. Just to impress the people watching on tv.
    It sickens me. Well enough said.

    ReplyDelete
  11. Homes are an investment, distressed assets are liquidated, business decision and may actually be financially sound!

    ReplyDelete
  12. He scares me!! Doesn't he look soooo scary!! Yuck!

    ReplyDelete
  13. You might feel sorry for them IF they were REAL but they are so pretentious and flaunting their "I am so wealthy I am so much better than you attitude". There are really people who have lost their homes thru no fault of their own given the economy but these people are NOT one of these types. He is a controlling jerk and she is a trophy wife with fake everything it is truly sad and makes one appreciate a simpler life or that would be NORMAL life that is. SO pathetic all of them but it provides great laughs for an evening when nothing else is on.

    ReplyDelete
  14. She's one ugly bitch with a swollen bamboon lips and her husband us the ugliest freak ... he IS disgusting... hope they loose it all and end up in a motel 6 .....

    ReplyDelete
  15. As a Christian women......i'm sick of her talking about the Bible....she is leaving out " women are to dress modest and not cause temptation to men.....she looks like a high class hooker.....maybe her husband should pray over having her fake boobs removed and a more modest dress code. Each relationship with the Lord is personal.....but dont go on TV and "try" and preach....this is what gives Chrustian's a bad name!

    ReplyDelete
  16. I wish I could "like" the above post from "Anonymous Christian woman" a dozen times!!!

    ReplyDelete
  17. why do alot of housewives live the lavish life but have little money?

    ReplyDelete
  18. This "christian" family is in deep water .... The IRS will audit them for Alexis's comments re: buying a home straight out for cash. You cannot transfer assets via personal to business; llc, co, dba, etc., and then go out and buy a home via cash. Wow.... As soon as the blond opened her mouth - I could almost see Jims foot going up that cute butt! Best of luck but you cant get away w/breaking the law (for long) without it catching up to you. Personal experience...

    ReplyDelete
  19. Seriously, this is so wrong and this is why our country is in trouble, they are nothing more than thieves and I hope the law catches up with them...disgusting behavior from someone who claims to be so above everyone else.

    ReplyDelete
  20. According to Tamra, this seems to be quite common (transferring assets) and doing a short sale. Why aren't these criminals in jail? We are never going to get out of this economic mess with this white collar crime going on. How is this different than a bank robbery? Why aren't the banks helping the people who truly need help and I don't mean Reality TV wanabees.

    ReplyDelete
  21. I hope that pompous jerk has the IRS on his tail forever.IRS are you listening? He must have been FURIOUS that his airheaded wife broadcasted his illegal plan on tv for the entire country to hear! Good. What a complete idiot she is! Oh and one more thing: I guess that's what the guy gets for marrying a trophy wife. All body, no brains. LOL!

    ReplyDelete
  22. This show should be called the real bankrupt and corrupt house wifes and husbands of Orange county,,, nothing but air heads and wannabeez

    ReplyDelete
  23. I live in England and this couple would be laughed at and avoided like the plague, she is like a black widow and thinks she is soooo great, he is a control freak and jerk. They are all money and show but I knew it would be to good to be true that this would all end for them - showing off and spending what you dont have always catches up with you and she is such a two face bitch going on about her church beliefs but doing all the botox rubber lips and plastic work that is sooo far from what the church beliefs in, but hey as long as they are giving money too their local church who are they too judge the had that feeds the church??

    ReplyDelete