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EXCLUSIVE: OC Housewife Alexis Bellino Faces More Legal Battles, Considering Suing Chase Bank


Dec. 15 2010, Published 4:05 a.m. ET

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Real Housewives of Orange County's Alexis Bellino is set to launch herself into another bitter legal battle, this time against the bank she blames for losing her home.

The cash strapped reality TV star and her husband Jim have had their luxury mansion put up for auction after one of their businesses went bankrupt.

EXCLUSIVE: OC Housewife Writes Letter To Pals: 'We're Not Bankrupt'

Now can reveal exclusively that they don't plan to go down without a fight and will take on Chase if they have to.

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"Right now we’re considering legal action against Chase, regarding the fact that they changed the terms of their loan modification agreement," said their lawyer Michael York.

"At this point we're examining the issue and trying to decide how to proceed."

As earlier reported, the couple filed for chapter 11 - business bankruptcy - and their home went into foreclosure.

The auction date was moved until after Christmas but now York says he is positive the date will be moved again.

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"The Jan 10 auction will be postponed again," he said.

Despite their filing, the Bellinos have sent a letter to their closest friends and business associates in which they deny they're bankrupt.

And their attorney told that they only filed bankruptcy on one of their many businesses.

“One company that Jim Bellino owns, and he owns many, filed for bankruptcy," said York. "And that company only owns one asset."

The couple has been in real estate hell almost since they bought the property in August 2007 and did a major renovation, sinking a total of nearly $6 million in the 6400 sq. ft. home.


EXCLUSIVE DOCUMENTS: OC Housewife Alexis Bellino's Husband Files Bankruptcy

OC Housewife Alexis Bellino's Mansion Still On Auction Block For Friday

OC Housewife Alexis Bellino In Foreclosure Drama



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