Teresa Giudice Downgrades And Moves Into An Apartment, Instead Of A Smaller Home? 'RHONJ' Star May Not Be Able To Afford A New Home
Looks like Teresa and Joe Giudice are living a lie. If you think your favorite RHONJ family were doing well despite their legal issues, think again.
Fans of the hit Bravo TV show are probably going to be in shock at they learn that the Giudices go through a lot to keep up appearances.
MStars News previously discovered that Teresa borrowed a $2,500 handbag to go house hunting in the last episode that aired on Sunday night.
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Sources have revealed that the mother of 4 wants to look rich when talking to real estate agents so that her bankruptcy and credit issues don't over shadow her.
Unfortunately for the Giudices, there downsizing isn't going too well.
Sources report that the family only has $400,000 to spend on a new home. Joe and Teresa listed the family mansion ( shown on tv ) at $4 million, but restitution and legal fees are decreasing the asking price, and then some.
"Their credit is in the toilet due to Chapter 13 bankruptcy," one insider revealed. "They would have trouble even getting an apartment in Newark because of their credit history."
The source continued, "The fact is, they have almost no income coming in, and Joe is about to go to prison for up to four years."
So with that being said, where will the family live next....with family?