Reality Intrudes: Orange County ‘Housewife’ Sues to Stop Foreclosure

05-09-2011 • blogs.wsj.com

According to the Daily Mail, Tanous had a deal to “pay interest only for 10 years but was astonished in November when the banks filed a foreclosure notice. … Tanous is determined to keep the property.” Tanous’ suit names as defendants BAC Home Loans Servicing, a subsidiary of Bank of America, the National Bank Association, Reconstrust Company, and PNC Mortgage, the Register reports. Developments readers know these West Coast wives often make real estate news. Alexis Bellino avoided foreclosure on her Newport Beach mansion. Tamra Barney unloaded her 4,300-square-foot Tuscan-style abode in a short sale last year. Jeana Keough used a loan mod to avoid foreclosure on her seven-bedroom, nine-bathroom home. But Vicki Gunvalson is selling her home the old-fashioned way: She hired an agent to handle the $2.695 million listing. No short sales. No foreclosure warnings. We checked in with the agent and the house remains on the market.