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Real Trouble For Bravo’s ‘Real Housewives’

Are all the “Real Housewives” on Bravo’s reality shows as rich as they seem, or are some living way beyond their means?

We regularly see these outspoken women from Orange County, Calif., New York, New Jersey and Atlanta shoulder the burden of wealth as they frequent only the best shops, restaurants and spas.

But over the past year, at least a few of these icons for conspicuous consumption have run into financial problems.

One was thrown out of her million-dollar mansion in a foreclosure. Others have been through short sales and mortgage modifications, failing businesses and bad investments. A couple have even been evicted for falling behind in their rent (yeah, some of the homes you see on TV are leased).

Here’s Bankaholic’s unofficial tally of the Real Housewives who have gotten into Real Trouble over the past year:

Sheree Whitfield of Atlanta: Whitfield was banking on a big divorce settlement, which she didn’t get. When ex-hubby and former NFL offensive tackle Bob Whitfield stopped paying the mortgage on her house (which was in his name only) the bank foreclosed and kicked her out. The Atlanta Journal Constitution says the home sold for $1.1 million, less than half of what the Whitfields paid for it in 2000.

Tamara BarneyTamara Barney of Orange County: When Barney and her husband met with a real estate agent they bragged about the $400,000 in improvements they made to their home. Yet they owed more than the house was worth and the Orange County Register reported that they recently had to part with it in a short sale.

Jeana Keough of Orange County: A real estate agent and owner of four homes, Keough has been short on cash since business dried up. Now Keough is selling her cars and watches and asking friends for loans. But she was luckier than Whitfield and Barney. After defaulting on the mortgage for her primary home, Keough told the Orange County Register that she got a loan modification. She also opted out of the show this season.

NeNe Leakes of Atlanta: The Atlanta Journal Constitution says Leakes was kicked out of her home in September after falling $6,000 behind in the rent. Leakes says that’s not true. She moved out on her own free will. Her husband, a real estate investor who might not be her legal husband according to some gossip rags, allegedly owes over $100,000 in back taxes, too.

Lynne CurtinLynne Curtin of Orange County: This housewife and her family were booted out of their home over $12,000 in back rent and damages. Curtin’s husband blamed their financial problems on a few bad investments in — you guessed it — real estate. Remarkably, none of that stopped Curtin from having cosmetic surgery, paying for it from her “face lift” fund.

Teresa Guidice of New Jersey: Initial reports that Guidice and her family were losing their lavish mansion were wrong. But nj.com says lenders are foreclosing on a half-acre of undeveloped land Guidice bought about five miles away, claiming she still owes $127,500 on the property she bought for $170,000 in 2005.

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  1. Sangiovese said:
    on December 4th at 05:46 pm

    seems that one mistress of tiger woods’ is doing much better than these housewives. one million in hush money and keeping her mouth shut and not being exposed all over bravo and being laughed at by millions. if she is being laughed at then she can laugh herself all the way to the bank. tiger’s wife owes her plenty. she got a new prenup out of the deal. like she did not know her hubby was sinking putts in other holes?????

  2. RateNerd said:
    on December 15th at 06:41 pm

    This is a great post – makes me feel better for having not spent money like these folks did. But seriously, why are these people, and others like the Kardashians, on TV to begin with? What is it that these people expect in their lives, and why do they want to share it with us? They must have the biggest inferiority complexes ever – hopefully their therapists get paid in cash upfront!

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