RHONJ star Margaret Josephs’ New Jersey mansion is in foreclosure

As Real Housewives of New Jersey wraps up Season 8, Margaret Josephs is dealing with some serious housing issues. 

Margaret Josephs isn’t the first person on Real Housewives of New Jersey to have money problems. She is the latest! New reports claim that the “powerhouse in pigtails” is facing the foreclosure of not one, but two properties due to failure to pay.

According to Page Six, Margaret Josephs and her husband, Joe Benigno, were sent a foreclosure notice by Unity Bank on December 15. More recently, information from the paperwork was entered in as a public record in Bergen County.

The bank notice seeks to recover a $1.2 million mansion owned by Josephs and Benigno as well as the property right next door. Now, this is where it gets weird.

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According to the report, Margaret and her husband took out two mortgages on the two separate properties in late 2016. That would have been around the same time that Margaret should have started filming Real Housewives of New Jersey with her new group of friends.

It was pointed out that Margaret hosted her 50th birthday party in the home despite having an empty living room and making excuses about how she wasn’t done renovating yet. Did she run out of money in the middle a la Sheree Whitfield from RHOA?  Or did the RHONJ couple just bite off way more than they could pay for?

After all, Margaret is also battling copyright infringement claims related to her Macbeth Collection. She actually lost that lawsuit and after failing to pay the $300,000 judgment, faces another lawsuit to the tune of $9.4 million.

Next: Is RHONJ facing cancellation?

So far the reality star has stayed mum about the impending loss of her homes. However, some Real Housewives of New Jersey fans wonder if she went out of her way to purchase the property thinking that RHONJ would bring in more money. Or maybe she just wanted to live at the same level as the other New Jersey housewives and couldn’t keep up. Either way, it’s clear that the RHONJ newbie just can’t keep up financially. Or is she just like the rest of them?