Kim Zolciak and Kroy Biermann Face Foreclosure of Their Georgia Mansion THIS WEEK After Months of Legal Issues
Kim Zolciak and Kroy Biermann face foreclosure of their Georgia home.
April 29 2024, Published 4:30 p.m. ET
Real Housewives of Atlanta alum Kim Zolciak and estranged husband Kroy Biermann have reportedly been put on notice that their Georgia mansion is heading for foreclosure, RadarOnline.com has learned.
The home's lender informed the estranged couple that they plan to move forward with foreclosure unless Kim and Kroy head back to court over their unpaid mortgage.
Truist Bank argued in January that Kim and Kroy had 'defaulted on their mortgage.'
Court documents obtained by TMZ revealed Truist Bank attorneys informed Kim and Kroy that they planned to take back ownership of the home, which was heavily featured on the hit Bravo show.
Documents stated the bank intends to initiate non-judicial foreclosure proceedings on May 3.
The new closet schedule comes nearly seven months after a judge ordered them to occupy separate sides of the home.
While the estranged couple doesn't have to be out by May 3, documents warned legal proceedings will soon be underway unless they go back to court to fight for ownership of the home.
The development comes after Truist filed similar documents in January that underlined their right to foreclose on the property; however, the case was moved to the inactive docket.
It's certainly been a trying few months for the estranged duo, who are facing a looming foreclosure on their home to lawsuits over debts.
Kim and Kroy initially planned to sell the home before the threat of foreclosure came knocking at their doorstep. After months of back and forth between the embattled couple — currently in a contentious divorce — the exes eventually agreed to list the home for $6 million in October.
After months on the market with no offers, Kim and Kroy were forced to reduce the listing price. The home is currently still on the market for $4.5 million.
As RadarOnline.com reported, Truist Bank argued back in January that the reality star and her estranged husband "defaulted on their mortgage" and, thus, the bank had the "right" to begin foreclosure proceedings.
In the filings, the bank said it intended "to exercise its rights" unless Kim and Kroy repaid the debt owed on the $5.5 million property.
Kim and Kroy are currently in the middle of an intense divorce.
Never miss a story — sign up for the RadarOnline.com newsletter to get your daily dose of dope. Daily. Breaking. Celebrity news. All free.
Never Miss an
Daily updates from the heart of Hollywood, right to your inbox
By entering your email and clicking Sign Up, you’re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.
Truist's January filings followed an injunction and temporary restraining order request that the estranged couple filed against the bank in October in an attempt to block the foreclosure of their home. Kim and Kroy cited their divorce and ongoing fight over the ownership of the house in the filings.
They further argued they would suffer "immediate and irreparable injury" and that "to allow [Truist Bank] to continue with the foreclosure would thwart the spirit and intention of the Order issued in the divorce case in order to preserve the marital estate."
Powered by RedCircle
