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'Real Housewives of New Jersey' Teresa Giudice's Family Home Sells for $100 in Foreclosure

First Posted: Apr 02, 2016 05:52 PM EDT
Teresa Giudice

Photo : Kena Betancur/Getty Images

Teresa Giudice's $170,000 Lincoln Park, N.J. home just sold for $100 in a foreclosure auction.

The "Real Housewives of New Jersey" star and husband Joe bought the property in 2005 and recently listed it on the open market for $179,000. Lenders initiated foreclosure proceedings after the three-bedroom, single-bath property set for months and months without a buyer.

Couple Previously Lost a Home in Foreclosure

In August of 2015, the Giudice's also lost their Manahawkin, N.J. home in a foreclosure auction, with it too selling for just $100.

A lawyer for the couple previously told reporters Joe and Teresa were "eliminating excess" and "focusing on doing more with less."

Joe Giudice recently started serving out his 41-month sentence on bank fraud related charges. His wife also served 11-months on similar charges and was released from custody just before Christmas.

"Teresa and the girls are sad that Joe's gone, but they're doing their best to adjust," a source told PEOPLE magazine. A source later added, "Her life centers around taking care of them and making sure they get to their activities to keep life as normal as possible for them."

The two parents, both 43, were allowed to serve time separately so at least one of them would be able to be home with their four young daughters. Teresa has now resumed starring in "RHONJ."

Joe Releases Jailhouse Statement

Since starting his sentence, Joe has released a statement through his attorney where he reflected, "It was obviously a very emotional day, but this is a very strong family with a tremendous support system and they will get through this, just as they did when Teresa was away."

Though slapped with a 41-month sentence, Joe has previously expressed he hopes to be released after serving just 18 months. Several media outlets have also reported Joe Giudice could face deportation proceedings back to his native Italy whenever he is released.

  

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