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The hit Bravo show "Real Housewives of Atlanta" should have a name change to "Real Housewives of the Recession" as Lisa Wu-Hartwell and her adorable hubby Edgerton Hartwell are the third set of castmembers to fall victim to foreclosure.
According to TMZ.com, the couple recently lost their multi-million-dollar Georgia mansion to bank foreclosure.
A rep says Lisa and Ed were in talks with the lender to restructure the loan since the home had lost value, but their attempt failed.
In 2007, the Hartwells bought the mansion for $2.9 million but the bank only received $1.9 million when it was resold earlier this month.
The rep adds, "Ed and Lisa are fine. They have settled in their [new] home, that sits on 10 acres and they OWN it!"
Let's face it, "Real Housewives of Atlanta" makes for great television -ranging from the antics of Kim and NeNe, mystery-man Big Papa and NeNe's love-hate relationship with Sheree.
Unfortunately for the ladies, the show is also exposing the harsh realities of the current economic times.
No one is untouchable.
If you recall, last season NeNe Leakes was reportedly evicted from her home after falling behind on her rent and so far this season, Sheree was put out of her home, after her soon-to-be-ex-husband allegedly stopped paying the mortgage without her knowledge.
How do you feel about season two? Please leave a comment below.
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