Lori Loughlin, Mossimo Giannulli sell mansion for $10M below asking price

Lori Loughlin, Mossimo Giannulli sell mansion for $10M below asking price

They sold the full house for a lot less than full price.

Actress Lori Loughlin and husband Mossimo Giannulli have sold their California mansion for an estimated $10 million below what they originally listed it for in January, according to a report.

The former “Full House” star, 55, and her fashion designer husband, 56, are expected to be sentenced next month after admitting to conspiracy in the sweeping college admissions scandal.

In January, the embattled couple put their Bel Air home up for sale at an asking price of $28.65 million and it has finally sold to Tinder co-founder Justin Mateen, according to a report by Variety.

While the official sale price hasn’t yet been listed, a source told the outlet that it was sold for roughly $18 million. The couple paid $14 million for it in 2015 before investing in total overhaul renovations of the 12,000 square foot villa, the outlet said.

The disgraced pair — who quit their posh country club in the wake of admitting their guilt —  are now believed to be staying in a beach front Ocean County home , a source told People.

The couple admitted to paying $500,000 in bribes to convicted college fixer William “Rick” Singer, who got their daughters, Olivia Jade Giannulli and Isabella Rose Giannulli, into the University of Southern California as bogus rowing recruits.

Lori Loughlin & Mossimo Giannulli
Lori Loughlin & Mossimo GiannulliAP

As part of her May 22 plea, Loughlin agreed to serve two months in jail, pay a $150,000 fine and perform 100 hours of community service, while Giannulli has agreed to serve five months behind bars, pay a $250,000 fine and do 250 hours of community service.

The deal still has to be approved by a judge at their Aug. 21 sentencing.


Source : Priscilla DeGregory Link

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