Kim Zolciak & Kroy Biermann Have Less Than A Week To Keep Their Home
By Afouda Bamidele on April 29, 2024 at 7:00 PM EDT
The clock is ticking for Kim Zolciak and Kroy Biermann to save their home with a foreclosure date just days away.
According to new legal documents, the estranged couple, who have desperately tried to sell their mansion, may no longer own the property when a buyer finally appears.
Bank Moves To Foreclose Kim Zolciak & Kroy Biermann's Home
The drama over Zolciak and Biermann's home has been ongoing since 2023, with their bank making its intentions clear in early January 2024. Now, Truist Bank's attorneys filed new documents showcasing their willingness to take back ownership of the duo's property.
Truist Bank, per the documents, plans to initiate a non-judicial foreclosure proceeding on or after May 3. This means the estranged couple has less than a week to respond to the notice or risk losing their Milton, Georgia mansion.
While the foreclosure date doesn't necessarily imply that Zolciak and Biermann will be out on the streets on or after May 3, it does kick-start their legal battle with the bank over their debts.
As stated, the famous pair have been trying to sell the mansion before a foreclosure could happen and placed the property on the market last October for $6 million. However, they have repeatedly slashed the price to attract buyers, and it's currently listed at $4.5 million, per TMZ.
The Bank Announced Their Foreclosure Plans In January
Three months before the official foreclosure date was unveiled, The Blast reported that Truist Bank had filed papers toobtain ownership of Zolciak and Biermann's home.
They accused the former couple of failing to pay their mortgage and claimed they needed to foreclose the property to collect the owed money.
The bank noted that Zolciak and Biermann were facing tumultuous divorce proceedings; however, their legal separation was not enough to impede their foreclosure rights. The bank initially brought up the issue in October 2023 but was stopped by the former couple.
At the time, Zolciak and Biermann implored the court to halt the bank's foreclosure, intending to sell off the Georgia mansion to pay their debts. Unfortunately, they couldn't fulfill their end of the bargain, and the bank may take the reins of the sale with their latest legal move.
Biermann Highlighted Their Desperation To Sell The Georgia Mansion
Following the foreclosure drama, Biermann highlighted the duo's financial issues in court documents and stressed the significance of their home's sale.
An excerpt from the filing noted the mansion was their only equitable asset, and it needed to be sold to provide crucial funds for the family.
"The current living situation is unsustainable and is detrimental to the mental and emotional health of the minor children," Biermann stressed in his documents, adding:
"If the marital residence is sold, it will afford both parties enough income to secure their residences, thus taking the children out of the toxic environment."
Truist Bank is not the only one after the former couple's heads, as they allegedly owed other corporate bodies. One of these debts included Chase Bank, who sued Zolciak for a past-due balance of $4,624.02 and Biermann for $13,000.
Kim Zolciak & Kroy Biermann Ordered To Pay A Parent Fitness Evaluator
Zolciak and Biermann's financial troubles made waves in March when The Blast revealed they had to pay a parent fitness evaluator. The Court questioned the estranged spouses' parenting following multiple police encounters.
Law enforcers repeatedly visited the duo's home to resolve disputes amid their tumultuous separation. However, things took a concerning turn when one of their children had to call the cops to stop a heated fight between their parents.
Considering these events, the Court ordered Zolciak and Biermann to pay $2,500 each for a parent fitness evaluator.
The one-time payment of $5,000 will cover the inspector's array of services, which are primarily focused on the pair's relationship with their children.
The Parent Fitness Evaluator Will Have Access To All Their Documents
The court-appointed evaluator would reportedly have access to everything related to Zolciak and Biermann's minor children — Kroy Jr., Kash, and twins Kaia and Kane.
This included records from the Department of Family and Children Services, hospitals, and the children's schools.
The parent fitness evaluator would also monitor the embattled exes and their relationships with their four minor children, conduct interviews, and conduct potential school observations.
Additionally, the court-appointed rep could consult with professionals who have worked with the family and make copies of their records without Zolciak and Biermann's permission. In summary, no stone would be left unturned in the case.