Jim Bellino, Housewives Hubby, Sued For Fraud
|Jim and Alexis Bellino|
Jim Bellino, hubby of Housewife Alexis, is being sued for fraud, deceit, wrongful foreclosure, breach of written contracts and other accusations, the Register reports.
Shashi Tejpaul and Gail Duncan contend that Bellino's company, California Empire Funding Corporation, wrongly foreclosed on their Laguna Beach property called InVogue Hotel, after lending them $2.13 million in a refinance loan, with an annual interest rate of 13.99 percent. The plaintiffs are asking for the property back, $275,000, a percentage of the sale of the property and attorney's fees. The case is set to go on trial on Jan. 10.
These legal woes come as Bellino also faces foreclosure on his 6-bedroom, 6,400-square-foot Newport Beach home. An auction is scheduled for Jan. 10, the same day of the trial.
Will we get to watch the meltdown on reality TV? Let's hope.