Entertainment

Vanderpump Rules’ Tom Sandoval and Ariana Madix’s $37K tax lien and $2M gamble on LA mansion revealed before his affair

TOM Sandoval and Ariana Madix have been struggling over finances with their $2million Los Angeles home in the balance, The U.S. Sun can exclusively reveal.The Vanderpump Rules couple, who is currently in the midst of a cheating scandal, took precautious actions if their home were to face foreclosure.

Vanderpump Rules stars Tom Sandoval and Ariana Madix have been navigating financial troubles amid their split


Since 2019, Ariana has had an outstanding tax lien of nearly $38KCredit: GettyTom, 39, and Ariana, 37, bought their five-bedroom Los Angeles home for $2million back in 2019.According to documents obtained exclusively by The U.S. Sun, a month later, Ariana had two tax liens filed in her name.In the first, Ariana owed $9,740, and in the second she owed $37,598.While it appears Ariana has since settled her smaller debt, the larger amount is still not paid off nearly four years later.Read More on Tom SandovalBy 2021, Tom was kickstarting his plans to open his bar Schwartz & Sandy’s with his business partner Tom Schwartz, 40 – but at a huge financial risk.On the show, fans watched as Tom and Ariana gambled their $2M home, risking their finances for him to place the downpayment on the bar.
Although, behind the scenes, it appears Tom and Ariana were taking precautions in the event their home could face foreclosure.In July 2021, the couple filed an assignment of rents clause, The U.S. Sun can exclusively reveal.
Most read in Entertainment According to US Legal, an assignment of rent clause allows the lender to collect rents from the mortgaged property “in the event of default by the borrower.”By filling this, Tom and Ariana were able to pay their outstanding mortgage to their bank to help reduce the outstanding loan balance.In August 2021, Tom and Ariana took an additional precautionary step for their joint finances by filing a reconveyance.A reconveyance is a document indicating the transfer of a property’s title from the lender to the borrower, according to Rocket Mortgage.BIG RISKDuring season 10 of VPR, fans followed the tensions between co-founders Schwartz and Sandoval over opening the bar.The co-stars opened up about how they “invested millions of dollars” into Schwartz & Sandy’s – which is located in the Franklin Village neighborhood of Los Angeles – and butted heads about technicalities like the interior design.While inside the restaurant, Schwartz said he is “drowning” in money problems amid his divorce from ex Katie Maloney, 36, and payments on his mortgage, rent, and the bar.SCANDAL-VALLast week, VPR fans were left shocked as they learned about Sandoval’s shocking affair with his co-star Raquel Leviss, 28.The scandal went public when Ariana discovered an “intimate video” on Tom’s phone.Tom had “tried to break up” with Ariana in the past “after they stopped having 𝓈ℯ𝓍,” The U.S. Sun previously reported.A source told The US Sun amid the news of the affair: “They hadn’t been intimate in a while. There came a point where they stopped having 𝓈ℯ𝓍.”The insider revealed: “Tom and Ariana’s relationship wasn’t perfect.”They were having issues these past few months.”Read More on The US SunIt’s been reported that Tom and Raquel’s secret hook-ups had been going on as far back as last summer.The U.S. Sun reached out to Bravo as well as Tom and Ariana’s rep for comment.

Tom had risked everything on their $2M Los Angeles home to open his bar Schwartz & Sandy’sCredit: Instagram/@tomsandoval1

Tom and Ariana took precautions in case of foreclosure so that he could ‘invest millions’ in Schwartz & Sandy’s

Last week, Tom’s affair with his co-star Raquel Leviss, left, shocked fans

 

Related Posts

Nick Jonas gushes over wife Priyanka Chopra’s snaps from Bulgari party in Mumbai, India: ‘Dear God’

After six years of marriage, Nick Jonas still is still in awe of his wife Priyanka Chopra‘s beauty.   The Citadel star, 41, shared some snaps and video from…

Zach Bryan apologizes to Swifties for drunkenly posting ‘Kanye > Taylor,’ deactivates his X account

“I’m sorry to any Taylor fans I pissed off or let down,” the country music star posted. “Love you guys and I’m trying my best!”. Country music superstar Zach…

Check Blake Lively’s outfit when strolling the streets with her husband Ryan Reynolds always attracts all eyes

Fresh off her rocky It Ends With Us press tour, Blake Lively still managed to look stylish and relaxed on back-to-back strolls through New York City with husband Ryan Reynolds. Perhaps that’s…

Jax Taylor moves out after split with Brittany Cartwright, while she shares secret cosmetic procedure

Jax Taylor is still in the process of moving his belongings out of the home he shared with estranged wife Brittany Cartwright. The Vanderpump Rules alum, 45, was spotted Wednesday removing…

Taylor Swift’s mother send clear WARNING to those calling her daughter ‘distraction‘: “Jealousy is sickness.”

Taylor swift Mom send clear warning to those calling her daughter ‘ distraction ‘ Jealousy is sickness. The honeymoon phase between Swifties and Kansas City Chiefs fans is…

Priyanka Chopra Calls Daughter Malti ‘Exceptional’ as She Shares a Sweet Snap of the Toddler Holding Her Hand

The actress shares her 2-year-old with husband Nick Jonas. Priyanka Chopra is holding on to every second she gets with her little girl. The Love Again star, 41, shared an adorable…