RHONY reality TV star battles Deutsche Bank over Wainscott home foreclosure

Barbara Kavovit, CEO of New York-based Evergreen Construction and a cast member of Bravo’s “The Real Housewives of New York,” is trying to stop Deutsche Bank from foreclosing on her Wainscott home, The Blast first reported. Last year, the German banking giant claimed that Kavovit owed nearly $2.5 million on a $2.4 million loan (with accrued interest) it gave her in 2006 to buy the home at 68 Wainscott Northwest Road. That loan came due in April 2015, but Kavovit reportedly never paid it. In a statement provided to the New York Post, Kavovit said that she and Deutsche Bank are now in settlement talks. She has previously tried various legal arguments to toss a lawsuit filed by the bank against her. She alleges the terms of the loan were illegal and that her late father’s estate should be on the hook for the balance, not her. Joseph Kavovit, her father, died in 2013. Deutsche Bank has argued the debt transferred to her upon his death. Kavovit sought personal bankruptcy protection in White Plains in 2015. That case, which lists her current address as 11 Old Country Road in New Rochelle, was recently reopened. Meanwhile, Kavovit has listed her Wainscott home for rent at $58,333 per month. The 6,500-square-foot home, built in 2001, has two stories, five bedrooms, five-and-a-half bathrooms, a master suite with a private deck and a heated pool. A listing on Zillow’s Out East notes the home can be rented for $70,000 in July. Agents from Brown Harris Stevens, Douglas Elliman and the Corcoran Group have rental listings for the property. [The Blast]