Dorit Kemsley‘s $6.5 million mansion in Encino, California, where she resides with her two kids, 12-year-old son Jagger and 10-year-old daughter Phoenix, was not foreclosed upon on Wednesday morning as expected.
As attorney Ronald Richards suspected that the 49-year-old Real Housewives of Beverly Hills star’s estranged husband, Paul “PK” Kemsley, 58, saved the day for his estranged wife, despite their messy divorce, he was able to confirm the delay while also sharing what might be next for the reality star and author.
“Dorit Kemsley’s foreclosure set for tomorrow morning to going to be postponed. Based upon a review of certain filings and information, our educated guess is we believe that Paul Kemsley has graciously come forward to save the house for Dorit and his children for now,” Ronald wrote in the caption of a post shared to his Instagram page on May 19.
According to the attorney, the foreclosure is far from over for Dorit and her family. However, now that it has been postponed, she will have more time to prepare for her impending move from the residence.
“We believe the second lienholder will be postponing the sale so Dorit can, with some dignity, move out of the house and she can attempt to maximize value if that is possible,” he explained.
“We will post the new sale date or recission of the foreclosure entirely by tomorrow,” Ronald continued. “The house can then be staged and sold in an orderly fashion. Dorit in our opinion is lucky PK threw her a parachute and came to the rescue. I think everyone is finally thankful that Dorit will do the right thing and move and hope that an empty house can be marketed and sold to preserve some equity.”
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As RHOBH fans may have heard, Dorit and PK, who have been feuding over their finances in recent months, will likely be unable to save the home from foreclosure since their company, Adlon Road LLC, whose name is on the home, has been suspended by the Franchise Tax Board since it is “not in good standing.”
If it was in good standing, the couple could file for bankruptcy, which would allow them to catch up on the payments they’ve missed on their mortgage.