Teresa Giudice’s Husband Luis Ruelas Takes Out $1 Mil Loan

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, during which Margaret Josephs, 57, claimed Luis “pissed [Teresa’s] cash away,” information of the brand new mortgage, which Luis, 49, reportedly took out in March of this yr, has been confirmed.

In line with courtroom paperwork obtained by The U.S. Solar 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 a substitute, Luis waited till March 25 to borrow $1 million from an LLC primarily based out of Florida.

As RHONJ followers might 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 mentioned that Luis is the proprietor of the brand new app, the outlet clarified that he’s truly an impartial contractor aiding with the challenge.

Though Teresa lately 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] speaking about” and accusing her of making a “false narrative,” Luis beforehand mentioned he “suffered financial harm,” together with the lack of his job and “enterprise alternatives” 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 lawyer mentioned the fact star was working to repay her past-due steadiness.

“Ms. Giudice has been conscious of her tax obligations for years and makes vital well timed month-to-month funds in direction of her excellent tax liabilities and can proceed to take action till these liabilities don’t exist,” they said.

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