(Newser)
– A Tinder co-founder slipped into Lori Loughlin’s Bel Air mansion, but reportedly not what she and her husband Mossimo Giannulli hoped to get. The couple, now awaiting sentencing in the college admission bribery scandal, originally listed the 12,000-square-foot, seven-bedroom house for $ 35 million, although that was more than three years ago; most recently they reduced that figure to $ 28.7 million. But by sources who spoke to VarietyThe couple sold the house to Justin Mateen for a price “significantly” below its last sale price. The deal has yet to be officially registered, but a source says it came in for $ 18 million, almost half of what they wanted when they started buying it.
If that’s the real number, it would be what Variety considers a “brutal loss” for the Full house star and his wife. They paid $ 14 million for the house five years ago, but they also spent an undisclosed amount of money to upgrade and renovate it. If maintenance and real estate fees are added, as well as taxes, “any remaining chance of profit would be eliminated” with a sale of $ 18 million, Variety notes A font minimizes any major financial blow to Personsand noted: “They are still making money from the sale, but not as much as they expected.” The couple are now said to be taking refuge in another house they own along the coast in Orange County. The two will be sentenced on August 21. (Read more Lori Loughlin stories).
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