Jacqueline And Chris Laurita's Franklin Lakes Home In Foreclosure!

According to a new report, Hudson City Savings Bank has filed papers in Bergen County Courthouse to foreclose on the Franklin Lakes home of Real Housewives of New Jersey stars Jacqueline and Chris Laurita. Another home owned by Chris Laurita, located in Wayne, is also being foreclosed upon.

The couple had placed the Franklin Lakes home on the market in January 2014 for $2.85 million, then dropped the price later that year to $2.78 million. The custom-built six-bedroom home on nearly two acres features ornate millwork, hand-painted murals in the dining room, a custom kitchen with a wine fridge, and a walk-out basement with playroom, wine cellar and an office, reports nj.com.

According to the filing, Chris Laurita took out a $1.6 million mortgage in October 2007, with monthly payments of $10,846, but has not made made a payment since October 2014.

Court records also show that Nationwide is foreclosing on another home owned by Laurita -- a four-bedroom Colonial in Wayne that he purchased in 2007 for $725,000, taking out a $525,000 mortgage.

The home was put on the market in 2012 for $699,000, and the price dropped to $599,000 by the time the listing was pulled in January. Nationwide claims Laurita has been in default since January 2012.

During the sixth season of the Real Housewives of New Jersey, Jacqueline Laurita revealed on camera that they had put their home on the market because of mounting bills for their son Nicholas's autism treatment, however they didn't mention the lawsuit they were facing that stemmed from Chris's business bankruptcy and in which they were accused of draining the company's bank accounts to fund their lavish lifestyle.

Photo Credit: Bravo