Barbara Kavovit Sued For $2.4 Million While Home Is On Verge Of Foreclosure
LEGAL DRAMA!
Following a mostly drama free season for Barbara Kavovit on The Real Housewives of New York City it looks like she saved it for the courtroom because she is currently trying to stop her Hamptons mansion from going into foreclosure after she was sued for $2.4 million.
According to The Blast, last year Babs' bank Deutsche Bank National sued her after she failed to make payments on her mortgage and they wanted to put the home into foreclosure. The back story is that in 2006 Babs and her dad took out a bank loan of $2.4 million so they could purchase the Hamptons home which was featured on this season of New York Housewives.
However, her dad Joseph died in 2013 and the bank wanted to make Babs responsible for paying the loan, they say there was a mortgage payment due on April 1, 2015 which still hasn't been paid to this day which caused the bank to sue her for the loan, plus interest, which comes to a total of $2,482,167.44. They also want the judge to allow them to sell the home.
Babs the Bisexual Builder filed her own legal papers arguing the case be thrown out stating the deed was transferred solely to her father in 2010 after she filed for personal bankruptcy and the only way this lawsuit should proceed forward is if they sue her father's estate, not her.
Barbara and the bank officially decided to settle the lawsuit outside of court and withdrew all their future court dates as they are currently in settlement talks. If they can't reach an agreement then they'll have to head back to court. The 5-bedroom, 7-bathroom home is currently listed for $58,333 a month.
The builder turned reality star gave this statement to Page Six:
“Part of being an entrepreneur means that business and life can sometimes take unexpected turns. 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.”
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