This is a Gotti awful mess. The mafia princess, Victoria Gotti will need to downsize from her palatial 6-acre spread in Long Island. According to the NY Post, the Brooklyn Appellate Court has ruled against Gotti to begin foreclosure protocol on her $4.2 million mansion that she won in her divorce from ex-husband Carmine Agnello.
She reportedly owes $650,000 to JP Morgan Chase from ceasing to make payments since 2006. If Gotti had a real legal job and then got laid-off, maybe she could qualify for a short sale. But her loss of cash flow due to government crack down may not have the lenders feeling so sorry for her. Maybe Gotti can live out of her Escalade, Mercedes, and BMW until the market picks up again.
Nicola Nakase, SHORTsense.com