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Loughlin and Giannulli purchased the home in 2015 for just under $14 million. They originally listed it for $35 million back in 2017, although they took it off the market the following year. They went on to use the property as collateral for their $2 million bail for fraud charges.
A Loughlin source also told PEOPLE that the couple owns a beach home in Orange County, where they are believed to be staying currently.
Although the couple put their mansion on the market in the midst of the scandal, a source previously told PEOPLE that they were in no rush to make a sale and would take their time to find the right buyer.
“They don’t need the money,” the source said at the time. “They are stressed about a lot of things, but money isn’t one of them.”
Another insider previously noted, “Mossimo has been buying, refurbishing and renovating and selling houses for over 20 years.”
The Full House actress and her husband became embroiled in the high-profile scandal when they were accused of paying $500,000 to falsely designate their daughters Olivia Jade Giannulli, 20, and Isabella Rose Giannulli, 21, as recruits to the University of Southern California crew team, even though neither of them ever participated in the sport. Their sentencing has been scheduled for Aug. 21.
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