Another day another lawsuit filed against Margaret Josephs, the embattled cast mate of Real Housewives of New Jersey. But this lawsuit may have implications that the self proclaimed Powerhouse in Pigtails did not anticipate.
On January 9, 2019, Lori Ann Sigley and John Wayne Sigley sued Margaret Josephs and her husband, Joseph Benigno, for a $200,000 loan.
The Sigley Complaint alleges that on September 23, 2016, the Sigley’s loaned Josephs and Benigno $200,000 which they promised to repay by the following year, September 23, 2017. The Complaint further alleges that Josephs and Benigno failed to pay any portion of the $200,000 and have ignored their demands for repayment of the debt. See Complaint.
Josephs and Benigno obtained two additional mortgages with Unity Bank on September 30, 2016 for over $1 Million dollars. Those mortgages were not recorded until the end of 2016.
It is unclear whether Josephs and Benigno advised Unity Bank that they borrowed the $200,000 a few days before borrowing over $1 million dollars from the Bank for their Englewood home or that they gave the Sigley’s the Englewood home as collateral.
Fortunately for the Sigley’s the $200,000 loan was secured by Josephs’ house, prominently on display on Real Housewives of New Jersey. Unfortunately for the Sigley’s they may not be first in line in collecting the money they claim is due them. Unity Bank and the various lawsuits may beat them to the home.
All About The Tea first reported that Vineyard Vines is suing Margaret’s company, the McBeth Collection for counterfeiting it’s products for over $9 Million dollars. Read here.
Shortly after the Vineyard Vines lawsuit, Margaret Josephs’ filed a business related bankruptcy on behalf of her companies in the MacBeth group. Read here.
Then in 2017, RadaronLine uncovered 3 additional lawsuits totaling another $30,000 against Margaret Josephs. Read here.
In 2018, RadaronLine reported that Josephs’ $1.4 million dollar home was in foreclosure. It appears that Josephs failed to make payment on their million dollar mortgage to Unity Bank. Read here.
Unpaid taxes nearing $200,000 were levied against Margaret Josephs in the form of tax liens. Read here.
In 2018, Josephs’ former lawyers filed a lawsuit and obtained a judgment against her for her unpaid legal fees which accrued while they were representing her against a stationary company. Read here.
Now Lori Ann and John Wayne Sigley allege Margaret and Joe fleeced them out of $200,000. Could this have been the down payment used to convince Unity Bank to loan them the mortgage for their Englewood home? Only time will tell.