Some four months since the sale of Joe and Teresa Giudice’s longtime family home officially sold, new details have emerged.
The six-bedroom, 5.5-bathroom Towaco, New Jersey property officially closed in May for $2 million after a few price cuts, a contract fall-out and a total of 19 months on the market.
But it looks like all of the proceeds went to Teresa — and her ex-husband, Joe, was left with nothing, The Post can report.
“The seller is not receiving net proceeds from the sale. Net proceeds from the sale means the net amount due to the seller on the settlement sheet,” property records obtained by The Post stated of Joe, who has been marked as one of the sellers, along with Teresa.
On the same property filing, it states Teresa would get 100% of the $2 million.
According to an insider, the proceeds went to Teresa as part of the initial divorce settlement between her and Joe, who was deported to Italy in October 2020.
The source added, however, that although the “Real Housewives of New Jersey” star earned the full amount from the sale, her mounting debt from the former couple’s past fraud case essentially left her with nothing as well.
“At the end of the day, neither one of them received any proceeds from the house,” the source said. “Teresa didn’t get money. Joe didn’t get money.”
“They had a mountain of debt, which they discussed in divorce,” the source added.
Records show Joe, 52, purchased the home for $530,000 in 2002. Teresa was later added onto the deed.
