Credit score: Instagram

Teresa Giudice‘s husband, Luis Ruelas, has reportedly borrowed $1 million in an effort to repay the $3.4 million mansion he bought with the Actual Housewives of New Jersey star in January 2021.

As followers await the notorious scene teased within the season 14 trailer, by which Margaret Josephs, 57, claimed Luis “pissed [Teresa’s] money away,” information of the brand new mortgage, which Luis, 49, reportedly took out in March of this 12 months, has been confirmed.

In line with court docket paperwork obtained by The U.S. Sun on June 4, Teresa, 52, and her husband, who she married in August 2022, didn’t take out a mortgage once they purchased their seven-bedroom, 10-bathroom Montville, New Jersey, property years in the past. As an alternative, Luis waited till March 25 to borrow $1 million from an LLC based mostly out of Florida.

As RHONJ followers could recall, Luis was listed because the “sole member” of the LLC used to purchase the house when he bought his and Teresa’s mansion.

The report went on to say that Luis is a co-founder of Digital Media Options (DMS) and has been serving to with the launch of Vinivia, a live-streaming app. Though some have stated that Luis is the proprietor of the brand new app, the outlet clarified that he’s really an impartial contractor aiding with the mission.

Though Teresa not too long ago appeared on Tori Spelling‘s podcast, misSPELLING, denying Margaret’s suggestion that Luis spends all her cash, stating that Margaret doesn’t “know what [she’s] talking about” and accusing her of making a “false narrative,” Luis beforehand stated he “suffered economic injury,” together with the lack of his job and “business opportunities” amid a $5 million lawsuit with lawyer Kevin S. Johnson and his agency, Johnson Litigation Group.

Including to the couple’s potential monetary strife is the truth that Teresa owes the federal authorities $615,720.94.

In June 2023, nonetheless, Teresa’s legal professional stated the truth star was working to repay her past-due stability.

“Ms. Giudice has been aware of her tax obligations for years and makes significant timely monthly payments towards her outstanding tax liabilities and will continue to do so until those liabilities do not exist,” they said.

The Actual Housewives of New Jersey season 14 airs Sundays at 8/7c on Bravo.