Celebrity Faces Foreclosure
Celebrity Faces Foreclosure
Who says celebrities are spared from the continuing saga of foreclosures in the US? As a proof that even Hollywood is affected by foreclosure, a celebrity is reportedly facing a possible foreclosure of her expensive and stylish home. Everyone truly is vulnerable to this pressing and expanding problem.
According to well-placed and reliable sources, Hollywood celebrity Alexis Bellino is facing a foreclosure case and may soon lose her pricey home. Alexis and husband Jim Bellino have reportedly received a notice of property foreclosure, which was already published in the local newspaper in their community.
The controversial home is located at Newport Beach, in Orange County, California. The couple is believed to have invested up to $6 million in purchasing and renovating the 6,400 square-foot property in Southern California. There are additional reports that the Bellinos have been trying to dispose the home. Reportedly, in a desperate move to sell the property and avoid foreclosure, the couple has slashed the tag price significantly to just $3.7 million.
Hollywood kibitzers and Real Estate observers note that this is one sign that the downturn in the housing industry and the impact of a recent financial crisis is affecting not just ordinary Americans, but even celebrities. Some insiders note that the situation is not unique to Alexis Bellino, because many other Hollywood celebrities have faced, are facing, and are set to face foreclosures.
Alexis Bellino is known as one of the popular stars of the reality television show The Real Housewives of Orange County,' which is aired over the Bravo Network. Alexis was not one of the original casts, but she was tapped to join the program during its fifth season to replace Jeana Keough.
The controversial celebrity has had her share of interesting issues in the past. Before marrying her current husband Jim, Alexis used to be married to a businessman named Jeff Barry. In a magazine interview, Jeff revealed that his marriage to Alexis failed because of the latter's extravagant lifestyle.
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