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Lori Loughlin and Mossimo Giannulli put house on market amid College Admissions Scandal

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They purchased the home for $13.9 million in 2015 and put it back on the market two years later—for about 2.5 times more than what they paid for the contemporary, modern estate.

Lori Loughlin, who played Aunt Becky on Full House are hoping to megaflip their home in Los Angeles. As we all know by now, the couple are embroidered in a college admissions scandal where they stupidly plead not guilty despite a mountain of evidence.

Their mansion at the Bel Air Country Club golf course is listed for $28,650,000! Their trial starts in October, and if found guilty, could be subject to 45 years behind bars.

TWIST: They purchased the home for $13.9 million in 2015 and put it back on the market two years later—for about 2.5 times more than what they paid! . But in 2018, they pulled “the $35 million property” off the market.

You might think they are doing this because of the significant jail time. NOT SO! says sources close to the family. They claim it’s due to Giannulli’s passion for architecture and high-level home flipping. They renovated a 1920s Tuscan villa, a 1940s Georgian, also in Bel Air, and a contemporary home in Aspen, CO.

The couple are accused of paying $500,000 to a college admissions consultant and his nonprofit to help get their two daughters into the University of Southern California as members of the crew team. Isabella Rose Giannulli and YouTube and Instagram influencer Olivia Jade Giannulli were accepted to the school even though they’d never done crew either previously or at the school.

They’ve pleaded not guilty to charges of conspiracy to commit mail and wire fraud, honest services fraud, money laundering, and federal programs bribery.

It almost always pays to plead guilty!

Case in point: the feds also charged 53 parents, including “Desperate Housewives” actress Felicity Huffman. But Huffman served 11 days behind bars, paid a $30,000 fine, and was sentenced to do 250 hours of community service from a guilty plea. She was found guilty of paying $15,000 to have her daughter’s SAT exam answers corrected.

A few days ago Huffman and her husband, William H. Macy, who wasn’t charged in the college admissions crimes, began looking for tenants for the rental property they own right next door to their Hollywood Hills home. They’re asking $16,500 a month for the five-bedroom, six-bathroom midcentury home on a hillside, according to Variety.

Lawrence Herstel

218.393.1550... Lawrence Herstel has sold real estate from Burr Ridge Illinois to Alborn Minnesota! He truly enjoys the experience of helping people achieve their goals whether client is a buyer or seller, or a first time home buyer.... His knowledge of the real estate business and expertise in negotiating the transaction ensures that his clients’ interests remain at the forefront of their sale. He displays diligence in staying in communication with all parties involved in the sale. This enables him to quickly follow through and handle any issues that may arise... Whether you are looking to buy a house or sell your home, you can count on Lawrence to go above and beyond and do whatever it takes for you to achieve your goals... Lawrence served in the United States Air Force, several overseas. This has allowed him to develop a strong work ethic and hone his communication skills. He has been a private pilot for over a decade and enjoys flying airplanes at the Chicago Glider Club when he vacations in Minooka, Illinois... He is happy to help with renting, buying, and selling! Lawrence Herstel enjoys the experience of helping people achieve their goals whether client is a buyer or seller, or a first time home buyer. His knowledge of the real estate business and expertise in negotiating the transaction ensures that his clients’ interests remain at the forefront of their sale. He displays diligence in staying in communication with all parties involved in the sale. This enables him to quickly follow through and handle any issues that may arise. Buying and selling real estate isn’t a do-it-yourself endeavor. You need a home pricing expert, a skilled negotiator and a networking powerhouse on your side. . That’s where I come in as your REALTOR®. When you work with me, you will be backed by my expertise and insights, as well as the support, visibility and networking capabilities of Edina Realty. Whether you’re buying your first home or you’re ready to move up or downsize, please reach out – I’d love to help you reach your real estate goals.

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