But What's Going To Happen To Teresa and Joe's Real Estate?

Real Housewives Charges
The Associated PressGiuseppe "Joe" Giudice, left, and his wife, Teresa Giudice, are due to be sentenced today on fraud charges.
Reality TV stars Giuseppe "Joe" and Teresa Giudice were both sentenced Thursday to prison terms after pleading guilty to federal bankruptcy, mail and wire fraud charges and ordered to pay nearly half a million dollars, but the future of their real estate is still unclear. The "Real Housewife of New Jersey" stars recently listed their over-the-top Towaco mansion for nearly $4 million. The almost 4-acre property includes:
  • Two, gold-trimmed Cinderella staircases
  • Imported marble floors
  • Gourmet kitchen with butler's pantry
  • Master bedroom with three walk-in closets
  • Master bath with steam shower and soaking tub.
Real Housewife Teresa Giudice's For-Sale Home
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But What's Going To Happen To Teresa and Joe's Real Estate?

The couple's more casual New Jersey shore beach house also is on the market. The canal-front home in Manahawkin is listed for $315,000 and includes:
  • 4 bedrooms and two baths
  • Vaulted ceilings
  • 50 feet of waterfront
  • Deck, dock and tiki-style outdoor bar.
Both houses have been featured in "RHONJ" episodes, where the couple's lavish lifestyle, legal problems, and the fate of their four, young daughters have been a running story line on the Bravo hit series. The prospect of the couple serving prison time -- or "going away" as they call it -- has been discussed by and wept over by the other housewives throughout the current season.

The couple pleaded guilty to conspiracy to commit mail and wire fraud, and to three types of bankruptcy fraud. Joe Giudice also pleaded guilty to failing to file tax returns between 2004 and 2008. Teresa Giudice's recommended sentence was set at 27 months, and her husband's was 46 months. She ended up being ordered to spend 12 months in prison and her husband received a 46-month sentence. Along with the time, Joe Giudice was ordered to pay $414,000 in restitution and fined $10,000.

In 2010 the Giiudices filed for bankruptcy, and put the contents of their mansion up for auction, claiming that they owed millions. According to Zillow, they had eight mortgages out on three different homes at the time, while reporting a yearly income of just $79,000.

Teresa and Joe Giudice's waterfront home is also on the market.
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