Home News Joe Giudice got nothing from $2M NJ home sale

Joe Giudice got nothing from $2M NJ home sale

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Almost four months after the sale of Joe and Teresa Giudice’s longtime family home officially soldnew details have emerged.

A six-bedroom, 5.5-bathroom property in Towaco, New Jersey, officially closed in May for $2 million. slight price reduction, contract collapse Total 19 months on the market.

However, the Post can report that all proceeds apparently went to Teresa, leaving her ex-husband Joe with nothing.

“The seller did not receive any net proceeds from the sale. Net proceeds from the sale means the net amount due to the seller as set forth in the settlement,” property records obtained by The Post said, along with Teresa. We are talking about Joe marked as one of the .

In the same estate application, Teresa said she would receive 100% of the $2 million.

According to insiders, the proceeds were paid to Teresa as part of the first divorce settlement between her and Joe, who were deported to Italy in October 2020.

However, while the “Real Housewives of New Jersey” star earned the full amount from the sale, she added that her debt from the former couple’s past fraud case left her with essentially nothing.

“At the end of the day, neither of them received any earnings from the house,” the source said. “Teresa got no money. Joe got no money.”

“They had a ton of debt and talked about it during their divorce,” the source added.

Records show that Joe bought the house in 2002 for $530,000. Teresa was later added to the deed.

In 2015, the now-divorced couple’s home faced foreclosure after they owed the bank $1.7 million in connection with a fraud case in which Teresa was sentenced to 15 months in federal prison and Joe to 41 months. did.

Teresa, on the other hand, she had a hard time letting go It was something she had to do in the 20 years home she raised her children.

“It’s hard to sell a house,” she revealed on camera in a March confession.[My ex-husband] Joe and I built a house together. We raised her four daughters in that house. “

“I’m ready for a new beginning,” she added. “I’m looking for a new start.”

Teresa, 49, and her new husband, Luis Ruelas, have spent $3.3 million on a gorgeous seven-bedroom, 11-bathroom home in Montville, just 10 minutes from their old home.

Per previous listings, her new home, located on 5.66 acres of land, has all the amenities, including a home theater, salt water pool with in-ground slide and cabana.

The Post has reached out to a rep for comment.

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