Teresa Giudice and her family are focusing on a plan of "eliminating excess" and will not be contesting foreclosure proceedings on their Lincoln Park rental home.

NJ Advance Media reports the house, described by the couple's attorney as an "investment property," will be made available at a sheriff's auction scheduled for March 31.The couple was recently able to nix foreclosure efforts on their lavish Montville Township mansion after both properties were initially part of their bankruptcy fraud case.

The "Real Housewives of New Jersey" star was recently released from federal prison after serving roughly 11 months on a 15-month sentence on fraud-related charges.

Her husband, Joe, is slated to report to authorities soon to commence serving out his nearly four-year sentence on similar charges. He is expected to serve out his sentence at the Federal Correctional Institution at Fort Dix.

Both pleaded guilty to bankruptcy fraud and conspiracy to commit wire and mail fraud in 2014, just before they desperately tried selling off all three homes they owned at the time.

Back then, the Lincoln Park property was listed at a price of $179,000 and advertised as "charming" and "not in a flood zone." The family purchased the three-bedroom home more than a decade before for the modest cost of $170,000. They are rumored to have lived in the house. while undertaking the massive expansion of the Montville home they purchased in 2001.

The couple recently earned as much as $600,000 for the three-part Bravo special "Teresa Checks In," which featured a then-incarcerated Giudice communicating with her husband and four young daughters via jailhouse phone calls.

Around that same time, the Internal Revenue Service slapped the couple with a $551,563 tax lien that their lawyer James Leonard now describes as "absolutely a priority" for them.

Despite what is described as a slew of other outstanding bills as well, Joe Giudice gifted his wife a pricey Lexus SUV, which is estimated to have cost no less than $88,000, upon her return.

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