Saturday, May 16, 2009

JP Morgan to Foreclose on Gotti Home?

Victoria Gotti adamant that she will not lose her mansion

BY John Marzulli

Thursday, May 14th 2009, 4:00 AM

A multimillion-dollar deal to save Victoria Gotti's mansion from foreclosure hinges on her 83-year-old former mother-in-law, who still works every day at a Queens scrap metal yard.

Gotti hopes to pay off her crushing mortgage once she gets control of about a dozen of her ex-husband's Carmine Agnello's commercial properties, which he forfeited to the feds when he pleaded guilty to racketeering in 2001.

The government has agreed to let Gotti take ownership as long as she can pay off the liens. She could then sell or lease the properties to save her house.

But there's a wrinkle.

A recent title search showed Agnello's elderly mother, Marie, owns three of the properties. If she refuses to give them up, the government could call off the whole deal.

The delicate situation hasn't stopped Victoria from bad-mouthing her ex for taking an $856,000 loan out against the house without her knowledge. She also contends he's a deadbeat dad.

"Too many fathers walk away from their responsibilities, and my ex-husband is one of them," she said outside Brooklyn Federal Court on Wednesday.

Earlier in court, Gotti ignored her lawyer's shushing and suggested Marie Agnello's ownership is a sham. "I believe she [Marie] didn't even know she had an interest in those properties," she told Magistrate Robert Levy.

Wearing a black dress and black boots and toting a large Marc Jacobs handbag, Gotti didn't seem troubled about her financial problems. Her money woes came to light this week after the Brooklyn Appellate Division gave JPMorgan Chase permission to foreclose on her Old Westbury, L.I., mansion.

"I'm never going to lose that house," Gotti vowed. "The only way is by selling it and we wanted out of there, anyway."

There are no takers for the $3 million spread.

Meanwhile, four burly employees of the Jamaica scrap metal and auto glass business escorted a Daily News reporter off the premises after he tried to interview Marie Agnello, who was working behind a tinted, bulletproof glass window.

With Matthew Lysiak

Bloggers Note: I am thinking why not ask JP for a loan-modification? We know how anxious banks are to help out people facing forclosure.....have you seen the new "lending / helping big bank commericials lately? .....They make themselves
sound like "Burger King," I mean like, "Have it your way," deals. Yeah, right.

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