alexis bellino

Real Housewife Alexis Bellino's Short Sale Situation

Filed under: Estates, Celebrity Shopping

More Real Housewives real estate drama. Radar Online says that "The Real Housewives of Orange County" star Alexis Bellino and her husband Jim, have had a "property foreclosure notice" published in their local newspaper, The Daily Pilot. The property is their Newport Beach, California mansion. Radar Online says the couple nearly lost the home back in August when they defaulted on a $4.5 million loan. They worked out a loan modification but the home went on the market.

The pair bought it in 2006 and the listing says that the owner has over $6 million into the property. It is reduced for quick sale with a price of $3.695 million, a reduction from the price of $4.995 million it was listed at just last month. The home is located near Nicolas Cage's former mansion in Newport Beach and sits on a double lot near the water. The six-bedroom home has been completely remodeled. It has high ceilings and opens with a grand staircase perfect for dramatic moments. The custom home includes a large gourmet kitchen, wine cellar, a home theater complete with Titanic and Good Fellas posters. Downstairs there is a pool table with a bar and fireplace. Although there isn't a swimming pool there is a large outdoor recreation area with a spa.

Gallery: Alexis Bellino in Newport Beach