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.
GettyVanderpump Rules stars Tom Sandoval and Ariana Madix have been navigating financial troubles amid their split[/caption]
GettySince 2019, Ariana has had an outstanding tax lien of nearly $38K[/caption]
Tom, 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.
By 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.
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.
During 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.
Last 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.”
It’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.
Instagram/@tomsandoval1Tom had risked everything on their $2M Los Angeles home to open his bar Schwartz & Sandy’s[/caption]
GettyTom and Ariana took precautions in case of foreclosure so that he could ‘invest millions’ in Schwartz & Sandy’s[/caption]
GettyLast week, Tom’s affair with his co-star Raquel Leviss, left, shocked fans[/caption]