Their lender had initiated foreclosure proceedings last year, saying Jacqueline and Chris Laurita had not made their monthly payment of $10,846 since October 2014.
The custom-built six-bedroom home, with its hand-painted murals, custom woodwork and a 4-car heated garage, had been on the market since January 2014. It was first listed at $2.85 million, but the couple later dropped the price to $2.78 million before taking it off the market.
Back in 2015, it was reported that Nationwide was foreclosing on another home owned by Chris Laurita -- a four-bedroom Colonial in Wayne that he purchased in 2007 for $725,000, taking out a $525,000 mortgage, according to court records obtained by NJ.com.
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
