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Lori Loughlin Sells Mansion Below Asking Price

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Lori Loughlin Sells Mansion Below Asking Price!!!!! Lori Loughlin and her husband Mossimo Giannulli have sold their family’s Bel Air mansion amid their ongoing college admissions court case. The couple sold the home at a significant financial loss, as well, receiving more than $10 million below their initial asking price for the transaction. 

According to a report from Variety, Loughlin and Giannulli sold the house to Tinder co-founder Justin Mateen for $18 million. They originally listed the Bel Air mansion for $28.7 million. Loughlin and Giannulli purchased the home back in June 2015 for $14 million and spent an unknown amount in renovations over the years, according to the report. The home is 12,00 square feet and consists of six bedrooms, nine bathrooms, an eat-in chef’s kitchen, two living rooms, an outdoor courtyard and a swimming pool.

The sale of Louglin and Gianulli’s Bel Air home comes shortly after it was revealed they were embroiled in drama at their exclusive Bel Air country club, as well. The country club’s board of directors voted to suspend Loughlin and Giannulli’s memberships after they were charged for their involvement in the bribery scandal, however, this decision didn’t fly with the club’s president Michael Gallagher. According toTMZ, Loughlin and Giannulli were to have their membership reinstated after they served time, but Gallagher put a stop to that. “This unprecedented board decision to allow felons to continue as members causes irreparable reputational harm to the Club and its members,” Gallagher wrote in a scathing letter to the board.

“The board action, taken on behalf of the Club’s membership, now establishes our Club as a place of refuge and comfort for known felons,” the letter reads. “This matter is already well known in the golfing world, domestically and internationally, and our Club has become a laughingstock.”

After Gallagher spoke out against them, Loughlin and Mossimo “voluntarily resigned much to the disappointment of many of the members and the board” a source with knowledge of the situation informed People. They’re both reportedly “upset” over the loss of their club membership. “The club has been an important part of their social life for a long time,” the source continued. “They didn’t want to resign, but also felt they didn’t want to be a part of drama and hostility. They were upset about it, but felt like they had no choice. They didn’t feel welcomed.”

Loughlin and Gianulli will both serve brief prison sentences for their their involvement in the bribery scandal. Loughlin is expected to serve just two months, while Giannulli will serve five months. Their official sentencing will take place in August.

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happy Mother’s Day to all the mamas out there. Thank you God for mine🤍🤍🤍🤍!!!! You are my best friend and have held my hand every day for 20 years making it look like motherhood is an easy job. You are one of a kind. I love you so so so much & cannot wait to give you all the love in the world today & forever. Thank you for being you. You are the most special person to me . I am so blessed to be your daughter and so proud to call you mom. ❤️ I LOVE YOU

A post shared by olivia jade (@oliviajade) on May 10, 2020 at 8:10am PDT

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Called “America’s Number ONE Gossip Columnist” by The National Enquirer. Rob ‘Naughty But Nice’ Shuter breaks celebrity news every day on his website NaughtyGossip.com where he delivers all the dish about the stars we love in his naughty but nice signature style. You can also catch him co-hosting and breaking celebrity news on Good Day New York, The Today Show, The Talk, Wendy Williams Show, CNN, Extra and Z100’s ‘Elvis Duran.’ Previously, Rob was the Huffington Post’s only celebrity columnist and the former executive editor of OK! Magazine. Rob has also hosted his own Saturday night talk show on Mark Cuban’s channel and his own daily morning show, ‘The Gossip Table,’ on VH1! He just celebrated his one-year anniversary on Radio Rob – his subscription-based daily live podcast gossip show! Breaking some of the biggest entertainment stories, including Jamie Lynn Spears’s pregnancy news, Britney’s first post-meltdown interview, Eva Longoria’s wedding, and baby exclusives for Jessica Alba, Tori Spelling and Mathew McConaughey’s tots, Rob always knows where to find the best scoop. Before Rob was one of the world’s most successful entertainment reporters, he was a publicist working for Jennifer Lopez, Alicia Keys, P. Diddy, Jessica Simpson and Jon Bon Jovi! Now he is bringing all this experience to his new show on I HEART MEDIA in his unique cheeky way, that is always a pinch and never a punch!

Lori Loughlin Sells Mansion Below Asking Price!!!!!! Lori Loughlin Sells Mansion Below Asking Price!!!!!

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