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Zolciak-Biermann’s affidavit, meanwhile, detailed how the family “will face insurmountable financial hardships” if the foreclosure proceeds. Later that month, the law office of Brock & Scott, PLLC announced that the forthcoming sale of the estate would no longer take place. The firm didn’t get any more details about the circumstances surrounding the auction cancellation. Which cops have visited multiple times this year, most recently in November following an explosive argument between the pair. Kim Zolciak and Kroy Biermann's Georgia mansion is proving tricky to get rid of amid their nasty divorce ...
Kim Zolciak and Kroy Biermann's Home Is In Danger of Foreclosure Again - PEOPLE
Kim Zolciak and Kroy Biermann's Home Is In Danger of Foreclosure Again.
Posted: Mon, 29 Apr 2024 21:49:54 GMT [source]
Kim Zolciak and Kroy Biermann slash price on $6M mansion following explosive fight, money woes
Unfortunately, Kim is set to lose it all as her home as been put up for foreclose, per The Jasmine Brand. The report, which cites a Notice of Sale Under Power document, states that Kim failed to pay back a $300,000 loan she took out to make renovations. A source previously told PEOPLE the star is "telling everyone [the foreclosure] is a misunderstanding and is being sorted out," noting, "She's not moving." It seems ‘Real Housewives of Atlanta’ stars Kim Zolciak and Kroy Biermann are ready to make amends, months after they separately filed for divorce in May. Amid their house woes, Zolciak-Biermann and Biermann filed for divorce in May 2023 after 11 years together.
Kim Zolciak
Scenic lake and golf views add to the estate, which also has a 6-car garage with room for lifts to store up to 8 cars. Saks/Capital One also filed a lawsuit against the Bravolebbrity for more than $150,000 in unpaid credit card fees. Zolciak — whom Biermann has accused of having “reckless spending habits and a love for online gambling” — was first sued by Target for $2,482.24 in unpaid credit card bills. Kim Zolciak and Kroy Biermann slashed the asking price of their Georgia mansion by $500K, Page Six can confirm. Kim previously denied reports that the property was in foreclosure last fall, with a video posted on her Instagram Story captured by @BravoHousewives in November 2022. The law office of Brock & Scott, PLLC confirmed to Entertainment Tonight that the auction was canceled on Feb. 22, but could not provide any additional information about the reason for the cancellation.
Related: Inside Kim Zolciak and Kroy Biermann's Messy Divorce, Custody Battle
In fact, another Bravo star, Real Housewives of New Jersey's Teresa Giudice, did just that when her Montville Township home was in foreclosure. "Typically owners have until the business day before [the auction] to redeem the default amount and halt the foreclosure," Brock Harris of the VOYAGE Real Estate team at Compass tells PEOPLE. However, there is a way for the couple to prevent the auction from taking place and keep their home. "She is telling everyone this is a misunderstanding and is being sorted out," the source said, adding, "She's not moving."
While neither the couple nor the firm have shared details about what caused the home to go into foreclosure, a real estate expert shared the most common reasons for home foreclosures with PEOPLE. Originally offered for $3.2 million earlier this month, the property was purchased by the estranged couple for a mere $880,000 back in 2012, about a year after they were married. Kim and Kroy were actually trying to sell this house before a foreclose could go down -- they put the property on the market in October for $6 million ... TMZ reported last week that a foreclosure notice had been posted on the house indicating it would go up for auction March 7. Kim Zolciak Biermann took her followers on a wild Instagram Stories tour of her Georgia mansion, which nearly went on the auction block after a foreclosure notice was issued in February. The Real Housewives of Atlanta alum and her retired NFL player husband first listed the property in October for $6 million.
'RHOA' star Kim Zolciak and estranged husband Kroy Biermann face losing multimillion-dollar Atlanta estate
The Real Housewives of Atlanta alum, 44, and her husband, former NFL player Kroy Biermann, 37, defaulted on a $1.65 million loan, according to a notice issued last month by Fulton County. The 15,000-square-foot estate was built in 2008 and boasts extreme privacy in a gated community. Set on nearly two acres, the $6 million mansion features seven bedrooms, 11 bathrooms, a fitness room, wine cellar and game room in addition to a pool and grotto area.
Biermann also went to court for the sole ability to sell their family home without Zolciak's sign-off in August. Court documents obtained by PEOPLE stated that the sale could help erase "significant debt" for the couple. The Biermann family, like most right now, is self-isolating amid the coronavirus outbreak, but they're doing it in the lap of luxury — and a veritable fun house. Kim Zolciak-Biermann and her husband, Kroy Biermann, live in an Atlanta mansion, which is chock full of gorgeous rooms, fancy features (a private elevator!), and resort-like outdoor spaces. According to All About The Tea, Kim Zolciak-Biermann's multi-million dollar home contains 6.5 bathrooms and 5 bedrooms and is located in a country club community. The lavish, stone wrapped home also includes a large, in-ground pool, six-car garage, and even an in-house salon, which Kim had added in 2019.
Former Google CEO Eric Schmidt Is Selling His Silicon Valley Estate for $24.5 Million
The duo later reconciled and called off the breakup, but Biermann filed for divorce a second time in August 2023. The former football player argued that selling the home would help their children financially and emotionally. The sale would provide “enough income to secure their own individual residences, thus taking the children out of the toxic environment,” Biermann alleged in the court filing.
While the house was temporarily saved, Biermann and Zolciak-Biermann’s marriage wasn’t as lucky. On April 29, TMZ released information from legal documents on Kim and Kroy’s home. The documents suggest that Truist Bank is ready to reclaim ownership of the home. The bank will initiate a non-judicial foreclosure process on or after May 3. Note that Kim and Kroy won’t have to move out on May 3, but they’d better start getting their things in order. The price drop of their home, which was originally valued at $3 million, comes as the estranged couple’s financial troubles continue to grow and their divorce gets messier.
There is an immense line of shoes, bags filled with hoodies and what looks like hundreds of items hanging on racks. The Instagram tour also took in their home cinema and rooms that were jam-packed with clothes and shoes. Kim announced she had been going through "all of my kids' closets, all the stuff that doesn't fit them." The clothes will be sold on her website.
Kim previously shot down rumors of a foreclosure in November 2022 with a video posted on her Instagram Story captured by @BravoHousewives. The sisters told the outlet that they had stayed at the Alpharetta estate the night before, and that all the furniture was still there. The location of Kim and Kroy's home also made it comparatively easy to begin the foreclosure process.
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