Ain’t love grand?
Tom Girardi and “Real Housewives of Beverly Hills” star Erika Jayne’s longtime marital residence has gone into foreclosure — with one other abysmal value reduce after almost a year on the market with none affords, The Post can report.
Initially listed for $13 million final May, the Pasadena, Calif., property now sits on the market for simply $7.98 million.
Because Girardi — a former, and disgraced, lawyer — has little to no property left, his residence was seized by a financial institution. At the top of 2020, the Los Angeles Sheriff’s office positioned an involuntary lien on his property after Girardi did not pay property taxes, data obtained by The Post reveal.
“The levying officer may be required to take custody of property in your possession or under your control,” the lien says. “You have a duty to release tangible personal property to the levying officer.”
The residence formally went into foreclosure earlier this month.
The newest value reduce passed off on Monday, with the worth dropping by $220,000 from $8.2 million.
Over the course of the previous 11 months, the house has seen 5 completely different value cuts.
Ted Clark and Heather Lillard, who maintain the itemizing with Compass, didn’t reply to The Post’s request for remark.
It’s the most recent little bit of unhealthy information for Girardi, 82, who was supposed to remain within the residence till discovering a purchaser. But he has since been residing in an assisted-living facility following his late-onset Alzheimer’s and dementia diagnosis.
Girardi bought the property again in 1980 for $1.3 million.
The former lawyer allegedly misappropriated thousands and thousands supposed for Lion Air Flight 610 crash victims — amid other lawsuits — forcing him into chapter.
According to court docket paperwork obtained by The Post, in Girardi’s ongoing chapter case, a complete of $517 million in claims has been filed towards his legislation agency.
The breakdown contains $363 million in unsecured claims, $137 million in secured claims — which incorporates $4 million actual property, $17 million in precedence claims and one other $250,000 in administrative claims.
The newest replace to his involuntary Chapter 7 case reveals a choose has signed off Girardi’s life insurance coverage insurance policies being seized — which totals $85,341.85.
Fortunately for Jayne, she isn’t listed as an proprietor of the property and isn’t liable.
The Bravo actuality star has denied figuring out something about her husband’s dealings and has refused to cough up any money or information.
She filed for divorce from Girardi after 20 years of marriage in November 2020.
Meanwhile, Jayne, 50, has been residing in a modest LA rental.
Despite the drama, the house itself is a stunner. Made up of 4 bedrooms and 9 bogs, the tan stucco Mediterranean-style property spans over 10,200 sq. ft and sits on almost 2 acres of land.
Features embody a paneled gallery upon entry, described as “old-world opulence,” in line with the itemizing. At one finish of the gallery rests the grand lounge with a coffered ceiling, an enormous fire and floor-to-ceiling home windows.
A wall of French doorways leads out to grounds the place a veranda extends out to a collection of fountains cascading right down to the pool and the chandelier-lit pavilion.
A strolling path encircles the whole property connecting the rose backyard, grass lawns, wisteria-covered pergolas and a number of patios and seating areas, the itemizing notes. Inside, the formal eating room additionally options floor-to-ceiling home windows, which permit for optimum daylight, a big stone-faced fire and silk wallpaper. Meanwhile, the library is paneled in walnut and is flanked by two fireplaces, one on every finish of the room.
The main bed room suite showcases “dual” dressing areas, one styled with intricate Chinoiserie finishes and an adjoining toilet that features a salon space and a tub enveloped in pink silk partitions.
On the other wing, there are two bedrooms, a small “chapel,” a second laundry room and an upstairs household room which may very well be transformed to an extra bed room, the itemizing notes. There can be a big visitor suite with its personal personal entrance.