Kim Zolciak-Biermanns Foreclosure Drama, Rumors: Explained Us Weekly

Table Of Content

• Kim Zolciak Biermann Shows Off Over-the-Top Game Room at Georgia Mansion After Foreclosure Auction Canceled
• Kim Zolciak-Biermann Defends Daughters Over Plastic Surgery Claims
• Kim Zolciak-Biermann Defends Daughter Ariana Against DUI Arrest
• Kim Zolciak’s Georgia home no longer in foreclosure
• Kim Zolciak-Biermann's Sprawling Georgia Home to Hit Auction Block Following Foreclosure
• Kroy Gets to Cleaning the Property

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.

Kim Zolciak Biermann Shows Off Over-the-Top Game Room at Georgia Mansion After Foreclosure Auction Canceled

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.

Kim Zolciak-Biermann Defends Daughters Over Plastic Surgery Claims

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.

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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.

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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.

According to the notice of foreclosure, as seen by ET, the foreclosure stems from Zolciak-Biermann and her husband, Kroy, defaulting on the $1.65 million loan they took out to buy the home on Oct. 23, 2012. 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. According to new legal documents obtained by PEOPLE, lawyers for the pair’s bank lender, Truist, are giving them until May 3 to go back to court. If not, they could be served with a foreclosure, according to the documents, which were filed on April 23. An attorney listed on the foreclosure notice did not immediately respond to PEOPLE's request for comment.

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.

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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.

He requested full legal and physical custody of their four minor children, as well as alimony and child support. Biermann asked for exclusive use of their Atlanta-area home and requested Zolciak-Biermann stay out of the house, which was not granted. In February, a notice shared by Fulton County stated that the home was in foreclosure after the ex-couple defaulted on a $1.56 million loan they took out in October 2012 and that Truist Bank would be putting the property up for public auction. Don’t Be Tardy alum Kim Zolciak-Biermann’s Georgia home foreclosure auction has reportedly been canceled just one week after In Touch confirmed that the house would be on the auction block. The Alpharetta mansion – which sits on the Manor Golf and Country Club – is decked out with all the trim a former Real Housewives of Atlanta and retired NFL player could require. The home has 5 bedrooms/6.5 bathrooms and includes a basketball court, elevator, waterfall, pool and spa, among other perks.

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.

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 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.

Don’t Be Tardy star Kim Zolciak-Biermann and husband Kroy Biermann’s Alpharetta, Georgia, mansion is in foreclosure, according to a Fulton County foreclosure notice reviewed by In Touch filed on Wednesday, February 15. The 6,900 square foot home will be sold at auction “to the highest bidder for cash” on March 7, 2023, during the Fulton County courthouse’s legal hours of sale. Four months after news of the foreclosure was released, In Touch confirmed in February 2023 that the 5-bedroom and 6.5-bathroom property would be sold at auction to “the highest bidder for cash” on March 7. The auction was put on through Fulton County’s courthouse, while Truist Bank was set to oversee the sale of the mansion.

"I'm here until I f---ing want to move, until I decide I don't want to live here anymore. So, enjoy the view, haters. You're going to be seeing it for quite some time," she concluded at the time. After denying her home was up for sale in November, the multimillion-dollar property is worth more than $2,519,500, according to Realtor.com. She covers all things travel and home, from celebrities' luxury mansions to breaking travel news. Although the “Don’t Be Tardy” stars have yet to address the rumors directly, Zolciak’s two adult daughters slammed the “crazy” allegations on Wednesday.

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.