According to RadarOnline, Real Housewives of New Jersey stars Melissa and Joe Gorga just put their Toms River home on the market for half a million dollars, but RadarOnline has exclusively learned the couple owes more than four times that on their mortgage. According to public property records obtained by RadarOnline from the Ocean County Court House, the Gorga’s took out a $2,250,000 mortgage on November 16, 2007 with Sterling Bank, plus interest.
“This mortgage is given as additional collateral for a construction mortgage loan,” the paperwork states. Melissa and Joe originally purchased the home for only $450,000 in 2005 on which they took out an initial mortgage of $360,000 and a secondary mortgage of $45,000. Looks like Joe’s sister Teresa Giudice and her husband aren’t the only ones who are in over their heads financially and even visited a bankruptcy attorney to discuss their options.
As RadarOnline.com previously reported, Melissa and Joe are unloading their homes because they just can’t afford them anymore. “Melissa and Joe are in way over their heads. Joe owes a lot of people money,” a source close to the couple revealed.