The waterfront home of Teresa and Joe Giudice, stars of the Bravo series “Real Housewives of New Jersey,” went with absolutely no bids despite an opening bid of only $100. Per Page Six:
Last year it was announced that the couple was sentenced to federal prison for a bankruptcy and mortgage fraud scheme.
Teresa Giudice was sentenced to 15 months in prison for her part in the scheme, while Joe Giudice received a sentence of 41 months, with an additional 12-month sentence to be served concurrently.
According to the article form Page Six, the two owed $348,000 on the home to HSBC Bank.
A spokesperson for the Ocean County Sheriff’s Office said not a single person bid on the Jersey Shore property, which features four bedrooms and was completely renovated after Hurricane Sandy.
However, there is a catch.
If the bank accepts a bid, the buyer has to cough up 20% on the spot, either in cash or certified check, an article in TMZ reported when the sale of the house was announced.