'Real Housewife' Averts Foreclosure on O.C. Home

Ah, to be a Real Housewife of Orange County. While many of her O.C. neighbors are being sucked down the foreclosure drain, Alexis Bellino -- she of "The Real Housewives of Orange County" fame -- and her husband, Jim, have been spared the pain and humiliation of losing their home in default of their $4.6 million loan. Perhaps there is enough pain and humiliation associated with starring in this show and the forces of karma needed to restore balance to the universe? It certainly isn't an everyday occurrence that Chase Bank gets to be a shining knight in loan-modification armor.

The Bellinos reportedly were behind $83,000 in payments on their Newport Beach home, according to TheOrange County Register. The 4,200-square-foot house was set to be auctioned off on the old courthouse steps earlier this week, but the Bellinos were able to seal a loan modification deal with Chase. The newspaper confirmed the arrangement with Jim Bellino.

Their story appears pretty typical, up to a point.