Kim Zolciak Biermann Shows Off Mansion After Foreclosure Drama

Table Of Content

• Kroy Files for Divorce Again
• Kim Zolciak-Biermann Defends Daughter Ariana Against DUI Arrest
• Most read in Entertainment
• Real Housewives of Atlanta’s Kim Zolciak-Biermann’s Foreclosure Drama and Rumors: Everything to Know
• Kim Zolciak’s Georgia home no longer in foreclosure
• 'Real Housewives of Atlanta' star denied rumors in November 2022 that her mansion was in foreclosure

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.

Kroy Files for Divorce Again

TMZ reported last week that a foreclosure notice had been posted on the house indicating it would go up for auction March 7. The foreclosure and auction news comes after the former Real Housewives of Atlanta star took to social media back in November and addressed "haters" suggesting she sold her home for a paltry $257,000. According to a Fulton County notice of foreclosure posted Wednesday, Truist Bank will auction off the mansion on March 7 at the Fulton County Courthouse.

Kim Zolciak-Biermann Defends Daughter Ariana Against DUI Arrest

The posting of an auction notice is only one step in the foreclosure process — which in many cases can be stopped along the way — and it doesn’t always mean that an auction will result. Truist Bank had the authority to “negotiate, amend or modify all terms of the loan,” the public notice said. This isn’t the first time the home has been teetering toward foreclosure. In February 2023, the Real Housewives of Atlanta alum and the former NFL player’s home was placed in foreclosure. "She's showing off her house for a reason right now," the source says.

Most read in Entertainment

Details about the reason behind the auction cancellation were not given. Us Weekly confirmed in February 2023 that the Real Housewives of Atlanta alum and her then-spouse’s Georgia mansion was in foreclosure, after Zolciak-Biermann denied in November 2022 that she was having legal trouble. The mistake ultimately resulted in the house’s eventual foreclosure, which the couple purchased in 2013 after they took out a $1.65 million mortgage. They initially announced plans to divorce in May but called it off in July.

Real Housewives of Atlanta’s Kim Zolciak-Biermann’s Foreclosure Drama and Rumors: Everything to Know

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.

Kim Zolciak Pleads With Judge to Call Off Foreclosure Auction, Says Her Children Will Be Homeless - Radar Online

Kim Zolciak Pleads With Judge to Call Off Foreclosure Auction, Says Her Children Will Be Homeless.

Posted: Thu, 26 Oct 2023 07:00:00 GMT [source]

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.

Truist Bank plans to auction off the property on March 7 in front of the Fulton County Courthouse. "Ok you guys, my house has not sold for $257,000," she started in the clip, panning around the interior of her home. "If you guys think I would let my home that we've put millions and millions of dollars into go for $257,000, you're an idiot, okay? For real." The Real Housewives of Atlanta alum, 44, and her husband, former NFL player Kroy Biermann, 37, defaulted on a $1.65 million loan they took out on their Alpharetta, Ga. mansion, according to a notice shared last week by Fulton County. "If you guys think I would let my home that we've put millions and millions of dollars into go for $257,000, you're an idiot, okay? For real. The tour of the family's mansion comes weeks after the foreclosure was resolved.

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.

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.

The Real Housewives of Atlanta alum and her retired NFL player husband first listed the property in October for $6 million. According to Zillow, they reduced it to $5.5 million in mid-December, and have now given the price an even bigger chop. Records show they lowered it to $4.5 million, 75 percent of what they originally wanted months ago.

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 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.

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.

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 couple had taken out a $1.65 million loan on the home in 2012 shortly after purchasing it, according to the notice. 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.