Monday, April 29, 2024

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

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.

Kroy Biermann

Despite no realtor being involved, someone wrote up a lengthy description of the mansion’s amenities. According to the Zillow listing, the mansion’s asking price is $3.2 million. Notably, the home has been listed as a “for sale by owner,” so no realtor is involved at this point. Perhaps Kim and Kroy are trying to recoup as much money as possible by not having to pay a commission on the sale. Kim Zolciak Biermann's home is in foreclosure — but there's a path to saving the property, according to a real estate expert.

Kim Zolciak’s Georgia home no longer in foreclosure

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 Zolciak and Kroy Biermann List Georgia Mansion for $6 Million Despite Being In Foreclosure - All About The Tea

Kim Zolciak and Kroy Biermann List Georgia Mansion for $6 Million Despite Being In Foreclosure.

Posted: Tue, 17 Oct 2023 07:00:00 GMT [source]

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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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It's Official, Kim Zolciak And Kroy Biermann's Mansion On Market - TV Shows Ace

It's Official, Kim Zolciak And Kroy Biermann's Mansion On Market.

Posted: Tue, 17 Oct 2023 07:00:00 GMT [source]

The Bravo star, who left the RHOA in 2012, previously denied reports that the property was in foreclosure with a video posted on her Instagram Story captured by @BravoHousewives in November 2022. 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. 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 law office of Brock & Scott, PLLC confirmed to Entertainment Tonight in February 2023 that the auction was canceled on Feb. 22, but could not provide any additional information about the reason for the cancellation. However, a source close to the Bravo star confirmed to PEOPLE that the issue has was resolved, stating at the time, "The couple has taken the action to clear this up."

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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.

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Kim's lavish home is just as impressive outside and has a basketball court, a sprawling swimming pool and a spa, as well as a waterfall. According to the document, the sprawling 6,907-square-foot home "will be sold at public outcry to the highest bidder for cash before the courthouse door of Fulton County, Georgia." Kim, 44, has often given fans a glimpse of her beloved home, either on social media or her reality show Don't Be Tardy. KIM Zolciak-Biermann is set to lose her $2.6M lavish mansion in Georgia, which she shares with husband Kroy Biermann and her six children. “The couple has taken the action to clear this up,” a source close to Zolciak-Biermann told People. “Entertainment Tonight” reported Friday that the auction was called off on Wednesday.

More Legal Issues Come to Light

​While the property is still owned by Kim and Kroy, the status of the foreclosure is currently unclear. In October 2022, In Touch confirmed that the family’s house was facing foreclosure after Kim and Kroy failed to repay a $300,000 loan that they took out on the home. The house has seven bedrooms, 11 bathrooms, an arcade, a bar, a 500-bottle walk-in wine cellar, a private massage room, a movie theater and a gym. Last Wednesday, a public notice stated the property will be up for auction on March 7 at the Fulton County Courthouse. The document stated that Zolciak and Biermann took out a $1.65 million loan in Oct. 2012 in an attempt to save their home. Reality-TV star Kim Zolciak-Biermann’s alleged foreclosure is no more, despite a public notice going up last week indicating the Alpharetta, Ga., home she shares with hubby Kroy Biermann would be auctioned off March 7.

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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 house zillow

Truist Bank submitted more documents to the court in April 2024 that gave Biermann and his estranged wife until May 3, 2024, to return to court and sort out what they owe the lender. The filing stated that Zolciak-Biermann and her estranged spouse “defaulted on their mortgage,” so the bank “intends to exercise its rights” and foreclose on the home if their debt isn’t paid. The following month, Biermann claimed that Zolciak-Biermann was dragging her heels on selling the house to remain in the mansion longer.

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. A source told PEOPLE at the time that Zolciak was "telling everyone this is a misunderstanding and is being sorted out." Brille and Ariana also denied the news in a conversation with TMZ. News of the listing comes close to two months after Biermann filed for divorce from Zolciak. The pair had previously filed to legally dissolve their 12-year union back in May, then decided not to split in July in an attempt to reconcile.

She gave a tour of the home back in 2015 on her Bravo series, Don't Be Tardy. Kroy Biermann has been begging the judge in his and Kim Zolciak’s bananas back-and-forth divorce to allow him to put their Milton/Alpharetta, GA mansion on the market. If those walls could talk, we’d probably hear a lot of fighting about gambling, electric bills, and hate-sex. Kim previously shot down rumors of a foreclosure in November 2022 with a video posted on her Instagram Story captured by @BravoHousewives.

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.

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