Teresa and Joe Giudice Are Celebrating After $260k Mortgage Fraud Case Is Dropped

morguefile.com

morguefile.com

They are facing 27 and 46 months in prison respectively but Teresa and Joe Giudice finally had some good news yesterday. The couple have just discovered that a separate fraud case against Joe, where he faced having to pay $260,000 for a 2007 mortgage scam, has been dropped.

According to RadarOnline, Joe’s former business partner, Joe Mastropole, claimed that Giudice forged Mastropole’s signature on a mortgage document for an apartment they owned together and took his partner’s name off after he refinanced the property, but Judge Kenneth Slowmienski has completely dismissed the case. The Giudice’s legal coach and crisis manager, Wendy Feldman, said “This is a HUGE victory for the Giudice family and for their ongoing criminal case that is taking new turns by the day.”

Real Housewives Of New Jersey executive producer, Andy Cohen, revealed that the Guidice’s legal matters will be seen in the new season. He stated “We’re shooting New Jersey now and that’s very much the reality of what she’s going through. It will very much be a part of the show next season. We cover it in the way that we can.” Although this is good news for the couple, all is not well. An inside source told RadarOnline that the couple is facing dire financial problems and may have to sell their house. At this time, their only income comes from the Real Housewives Of New Jersey. Tereasa’s book sales have greatly diminished and she has been forbade from doing any paid promotional events during this time.

According to TMZ, the $1.7 million estate which the couple and their four daughters call home holds $140,000 of equity, with the remaining $1.56m financed by mortgages. The bankruptcy judge who assessed Teresa and Joe’s wealth, concluded that they can pay just $7,500 of their $13 million debts.

A source stated “Teresa and Joe will be keeping a very low profile… They are getting ready for the July sentencing date, and just spending time with their family. Family is everything to Teresa and she is trying to keep things as normal as possible for her daughters.”

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