Monday, April 29, 2024

Kim Zolciak-Biermanns Georgia Home Foreclosure Auction Is Reportedly Canceled

kim zolciak house zillow

Us confirmed in January 2024 that Truist Bank filed a new set of documents, claiming that the lender has a “right” to foreclose on the Zolciak-Biermann and Biermann’s home after it failed to sell over the past three months. Trust Bank began the foreclosure process in August 2022, according to the docs. The legal proceedings started after Zolciak-Biermann and Biermann defaulted on their mortgage. Brielle added their family had “gone through this already in November” after the first set of rumors began to circulate that the house went into foreclosure.

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However, she added that they remained in the house despite the foreclosure. “She’s a bragger at heart, so this is super embarrassing for her,” the source shared on February 21. The insider added that Kim was “in denial” and “expecting a miracle” when it came to the house’s foreclosure. Brock & Scott, PLLC’s law office revealed that the house was taken off the auction on February 22, according to Entertainment Tonight. MILTON, Ga. - "Real Housewives of Atlanta" alumnus Kim Zolciak and her estranged husband Kroy Biermann have slashed the price of their metro Atlanta home for the second time.

Kim Zolciak and Kroy Biermann's Georgia Mansion Is in Foreclosure and Up for Public Auction

In the video, Biermann, who last played for the Buffalo Bills before his retirement, is seen vacuuming the home's landing and a cream carpet in one of the bedrooms. Kim Zolciak-Biermann believes the foreclosure of her Georgia home is "a misunderstanding," a source tells PEOPLE. After their wedding, Biermann became the adoptive father of Zolciak-Biermann's two daughters — Brielle, 25, and Ariana, 21 — and they took his last name. Together he and Zolciak-Biermann share Kroy "KJ" Jagger Jr., 11, Kash Kade, 10, and twins Kaia Rose and Kane Ren, 9, who have all been raised in the property.

kim zolciak house zillow

What Has Kim Zolciak-Biermann and Her Family Said About the Foreclosure?

The estranged duo reportedly owe the IRS $1.1 million in unpaid taxes, interest and penalties, according to court documents obtained by TMZ in May 2023. The back taxes are from 2013, 2017 and 2018, per the filing, which also states that Zolciak-Biermann and Biermann owe the state of Georgia $15,000 for 2018 unpaid taxes. The law office of Brock & Scott, PLLC announced on February 22, 2023, that the forthcoming sale of the estate would no longer take place.

kim zolciak house zillow

Kim Gives a Lavish House Tour

Kim Zolciak, Kroy Biermann slash price of Atlanta mansion amid divorce battle - FOX 5 Atlanta

Kim Zolciak, Kroy Biermann slash price of Atlanta mansion amid divorce battle.

Posted: Fri, 19 Jan 2024 08:00:00 GMT [source]

Kim and Kroy took out a $1.65 million mortgage on the house in 2013. Shortly after the couple bought the seven-bedroom home in 2012, Zolciak-Biermann gave fans a tour of the property, below, on their Bravo reality series Don't Be Tardy. Shortly after the couple bought the home in 2012, Zolciak-Biermann gave fans a tour of the property on their Bravo reality series Don't Be Tardy. Us confirmed in October 2023 that the estranged spouses officially listed their Georgia residence for $6 million ahead of foreclosure. According to Zillow, the seven-bedroom, 11-bathroom property was initially listed at $3.2 million in early October. Following a brief reconciliation, Biermann filed for divorce in August 2023 for a second time.

If Truist Bank does begin the foreclosure, the family wouldn’t have to immediately vacate the property, per the filing, but it would force them to start repaying their debt. While Brock & Scott, PLLC announced in February 2023 that the estranged couple’s house was no longer going to auction, their marriage seemingly took a hit amid all the drama. News broke in May 2023 that the Don’t Be Tardy alum filed for divorce from Biermann after quietly separating one month prior. According to legal documents obtained by TMZ, Kim filed for divorce from Kroy and listed April 30 as the date of separation.

Kim frequently called the Southern-based property her “dream home” after moving in with her family in 2013. Her reality series featured the house on multiple occasions, and fans recall how she vowed to never leave the property. Shortly after news of the mansion’s auction broke, a source exclusively told In Touch that the reality TV star was “heartbroken” over the thought of losing her home.

News

The Bravo star, 45, and the NFL pro, 38, have listed the sprawling seven-bedroom property for $6 million. The property sits on 1.78 acres and boasts 11 bathrooms, according to a listing on Zillow. In fact, the former “Real Housewives of Atlanta” star took to her Instagram Stories earlier this week to flaunt the lavish mansion, complete with crystal chandeliers, an elevator and spa. The law office of Brock & Scott, PLLC also confirmed to Entertainment Tonight that the auction — which was scheduled for March 7 — was canceled.

Kim Zolciak and husband Kroy Biermann's sprawling Georgia mansion in foreclosure, hits auction block

Kim shares kids KJ, Kash and twins Kane and Kaia with Kroy, 37, and daughters Brielle and Ariana from a previous relationship. The Real Housewives Of Atlanta alum did not immediately respond to The U.S. Sun's request for comment. It's been reported that Kim and Kroy took out a $300K loan against the home and, according to the documents, failed to pay it back.

This doesn’t mean they have to be out of their house soon, but the legal side will ramp up again for Zolciak and Biermann if they fail to act.

The stone mansion spans over 15,000 square feet on a 1.78-acre property. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. She showed off her Versace china set, glamorous Hollywood room with an 8-foot chandelier, home elevator and basketball court. The clarification comes one week after Fulton Country announced the home was in foreclosure after the couple defaulted on a $1.65 million loan. Brock & Scott, PLLC’s law office noted that the home was taken off the auction on Wednesday, February 22, according to Entertainment Tonight. It’s called the ‘Hollywood Room,’ and this is actually my girls’ TV room where they hang out with their friends.

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