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