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Teresa And Joe Giudice’s Mansion To Go Into Foreclosure: ‘Joe Is In So Much Debt!’

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Mar. 31 2015, Updated 11:16 a.m. ET

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Teresa joe giudice foreclosure
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Teresa Giudice may be living in a tiny prison cell instead of her 10,000-square-foot mansion, but at least she has somewhere to stay! The Real Housewives of New Jersey star’s Towaco, N.J. home is going into foreclosure, leaving her husband and four daughters homeless!

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Joe Giudice is in so much debt, and so behind in paying back the IRS,” a family member told OK! Magazine. “Teresa and Joe are planning to let the house go into foreclosure. No one is buying it!”

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As Joe and his daughters Gia, 14, Gabriella, 10, Milania, 8, and Audriana, 5, look for another home, they may have a hard time because his “bad credit” will make it impossible to get a new lease.

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“They have a large extended family,” the insider said. “Somebody will take them in.”

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So why is the custom $2.9 million home so hard to sell? “The house is still overpriced. It’s in the middle of nowhere, and there’s a major highway right near the backyard,” the source explained.

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