Foreclosure Strife Hits Daughter of Deceased Mob Boss John Gotti

The house used in the reality television show "Growing Up Gotti" is about to be foreclosed upon according to a New York appeals court, but Victoria Gotti, daughter of convicted and deceased mob boss John Gotti, says it’s not going to happen.
The spate of foreclosures in the U.S. real estate market has been reported ad nauseam by both the financial and mainstream press, but a new twist hit the entertainment space when it was announced on Saturday that Victoria Gotti faced foreclosure. Victoria, the daughter of deceased mob boss John Gotti and owner (for now) of the Long Island mansion used in the "Growing Up Gotti" reality TV show, was confident when speaking with reporters after a federal court hearing, noting, "I’m never going to lose the house – trust me."

An appeals court, however, has ruled that JP Morgan Chase Bank is legally entitled to seize the house because of an outstanding $700,000 loan that has not been paid. Court, of course, is not a strange setting for anyone with a last name of Gotti. The elder John Gotti, nicknamed "Teflon Don" because of a long string of acquittals during the 1980s, was finally sentenced to life in prison in 1992 before dieing there in 2002. Many of Victoria’s uncles also went to prison for a variety of mob-related crimes, and her brother, John "Junior," is fighting a racketeering indictment in a Manhattan federal court.

Victoria Gotti has already blamed ex-husband Carmine Agnello, who Gotti claims took out a loan and used the house as collateral without her knowledge. Gotti has noted that Agnello is in the midst of completing a $10 million property-forfeiture settlement and, once the settlement goes through, she will be entitled to $7 million as part of her divorce settlement with Agnello. Said Gotti of the house in question, "The only way I’m leaving is selling it." The house has been on the market for over two years and has an asking price in excess of $3 million.

By Buzzle Staff and Agencies
Published: 5/18/2009
 
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