‘RHONY’ star Barbara Kavovit’s home on the verge of foreclosure
“Real Housewives of New York” newbie Barbara Kavovit is fitting right in with the real estate drama this season.
Kavovit’s Wainscott, N.Y. home is facing foreclosure, The Blast reported. The reality star and Deutsche Bank are currently in settlement talks over the $2.4 million that she owes.
“Part of being an entrepreneur means that business and life can sometimes take unexpected turns,” Kavovit told Page Six in a statement on Monday. “In 2015, I filed for personal bankruptcy protection which has been discharged, and am currently in settlement discussions with Deutsche Bank, with every expectation this will be concluded soon.”
Her bankruptcy case was reopened on Tuesday, per court documents obtained by Page Six on Monday.
The bank first sued Kavovit, 53, last year and accused her of failing to pay her mortgage. Kavovit took out the $2.4 million loan in 2006 with her father, Joseph Kavovit. Joseph passed away in 2013, and the bank claimed that Kavovit became responsible for the loan upon his passing. But, she missed a payment on April 1, 2015, and still owes $2,482,167.44, according to the bank.
As a result, they wanted to put the home into foreclosure. Instead, they sued Kavovit for the full balance with interest and they asked a judge to let them sell the home at a public auction.
Kavovit filed her own papers in return and asked the judge to throw out the case on the basis that the bank should have gone after her late father’s estate because the deed was transferred to her father in 2010.
The home was featured earlier in the “RHONY” season for a clam bake party and is currently listed on Zillow for rent at $58,333 per month.
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