Gotti has to go?

I saw the story about this last night on the news.


NOW SHE'S EVICT-ORIA GOTTI
By SELIM ALGAR and KATI CORNELL

They Gotti find a new home!

Victoria Gotti's palatial Long Island estate -- which she and her sons once flaunted in the reality show "Growing Up Gotti" -- is now under foreclosure.

Despite a vast fortune amassed by her late father, Gambino boss John "Dapper Don" Gotti, the flashy Mafia princess has skipped two years of loan payments and will lose her home in tony Old Westbury, according to court records.

The 46-year-old former reality-TV star owes $650,000 to lender JPMorgan Chase -- a debt secured by a mortgage on the nearly $4.2 million mansion that she won in her divorce with ex-husband Carmine Agnello.

"I was awarded full ownership of marital property . . . and all I inherited was a house with millions of dollars' worth of debt," Gotti told The Post yesterday.

"This should finally put to rest all the government lies and rumors that I have $200 million buried in my back yard."

The couple split in 2003, while Agnello was serving a prison stint for racketeering, and the grandiose, 6-acre home was deeded over to Gotti in 2005.

But Gotti claims Agnello had secretly taken out an $850,000 loan in 1997 without her knowledge and has left her holding the bag.

Not so, according to lawyers for the bank, who convinced judges with the Brooklyn Appellate Division that Gotti is crying wolf.

Last week, the appeals court gave the bank a green light to start foreclosure proceedings and reversed a Nassau County judge's ruling that would have allowed Gotti more time to fight the case.

"Good riddance," said one neighbor on Birch Hill Court, who asked not be identified.

This isn't the first time Gotti has faced losing her house.

Upon taking ownership of the house in 2005, Gotti immediately defaulted, and JPMorgan scheduled to auction off the estate that summer -- even as she and her three hair-gel-loving sons preened for the cameras for "Growing Up Gotti," which ran from 2004 to 2005 and was canceled after 41 episodes because of poor ratings.

Gotti persuaded the bank to give her an extension on the mortgage with the condition that she would pay $200,000 by February 2006, at a rate of $25,000 each month.

Court records show Gotti forked over an unspecified portion of the cash -- and then stopped paying.

In the latest ruling, the appeals court granted JPMorgan's request for summary judgment and ordered Nassau County Supreme Court Justice Roy Mahon to appoint a referee to determine how much money is owed and whether the property can be sold in one lot.

The estate, which Gotti once tried to sell at $4.8 million, is currently listed with Century 21 at $3.2 million, a source said.

Since its reality-TV days, the estate's grounds have turned into an eyesore.

Back in my media days, I was actually assigned to read and evaluate her proposal for the Senator's Daughter, it wasn't Shakespeare but she definitely had the makings in becoming the next Jackie Collins.

If you look at her credits on Amazon, she has an impressive portfolio of books any author would be envious of. She probably got hefty advances for each of these books. That is why I am shaking my head in how this foreclosure situation has transpired for her. From what I have read about investing, there are plenty of very risk averse and user friendly ways to save for a rainy day.

With the amount of money she was pulling in, it surprises me that she did not have at least put together a reserve fund. And I don't care how rich you are, this sort of thing cripples your credit. But maybe that is the point. Maybe she has no concerns regarding this credit which is why she is in this situation.

Upon taking ownership of the house in 2005, Gotti immediately defaulted, and JPMorgan scheduled to auction off the estate that summer -- even as she and her three hair-gel-loving sons preened for the cameras for "Growing Up Gotti," which ran from 2004 to 2005 and was canceled after 41 episodes because of poor ratings.

Gotti persuaded the bank to give her an extension on the mortgage with the condition that she would pay $200,000 by February 2006, at a rate of $25,000 each month.

Court records show Gotti forked over an unspecified portion of the cash -- and then stopped paying

Basically she is been in this situation for over two years. Whether it is her ex-husband's fault or not, she is the one holding the bag and she has to deal with it.