Kim Zolciak and Kroy Biermann are eager to sell their Georgia mansion to ease their financial concerns.
Evidence of their desperation was indicated by their recent reduction in the asking price of their two-story, seven-bedroom, and 11-bathroom Milton house.
Kim Zolciak and Kroy Biermann’s Reduce Asking Price Of Their Home Amid Divorce Drama
Zolciak and Biermann have reportedly reduced the asking price of their Georgia mansion by $500,000 after first listing it for $6 million two months ago. However, they had to reassess the pricing due to a lack of offers, bringing the price to $5,500,000.
Even though it is not the most significant reduction, it is a substantial one, and evidently, they are hoping this adjustment will attract potential buyers, TMZ claims. The effectiveness of this move remains to be seen, given the current sluggishness in the housing market and relatively high-interest rates.
The reduction in the property’s price is an obvious sign of the increasing financial challenges and drama surrounding the divorce of the estranged couple. It is worth noting that onlookers had found news of the listing perplexing, especially considering that Biermann requested permission to sell the family residence in September.
Per court documents obtained by The Blast, the ex-Atlanta Falcons player emphasized the urgency of selling the 9,407-square-foot property, citing dire financial circumstances for both him and his on-again-off-again men.
An excerpt from the filing stated, “The only asset they currently own with equity is the marital residence. The mortgage is held in the petitioner’s name. However, it is set to be foreclosed in November.”
“The current living situation is unsustainable and is detrimental to the mental and emotional health of the minor children. 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,” the documents continued.
Unfortunately, it seemed that Biermann and Zolciak were at odds over the sale as the “Don’t Be Tardy” declared, “I’m living here, not going anywhere!” in a previous Instagram post
Beyond the disagreement regarding the sale of their home, the couple also finds themselves unable to reach a consensus on proceeding with a divorce. Despite Biermann initiating a divorce filing in May 2023, they chose to halt the process two months later, opting to concentrate on repairing their relationship.
On August 24, 2023, the former athlete reversed his decision and filed for divorce a second time. Sources claimed that Zolciak’s gambling problems played a significant role in the decision.
Despite the 33-year-old’s determination to end their marriage, his partner was reluctant to let go and filed a request for the divorce to be dismissed. Contending that her husband’s assertion of their union being “irretrievably broken” is untrue, the Bravo wrote in her documents:
“The allegation of an irretrievably broken marriage is demonstrably false if the parties have resumed cohabitation or reconciled for any period. The very fact of cohabitation or reconciliation shows that some possibility remains that the marriage is viable…the parties are required to affirm once again that the marriage is indeed irretrievably broken by the bringing of a new complaint.”
Zolciak & Biermann Have A Slew Of Lawsuits To Contend With
Earlier this month, Chase Bank initiated a lawsuit against Zolciak for an overdue balance of $4,624.02. The financial institution provided several account statements as evidence, revealing that the reality television star had fallen behind on payments since November 2022.
They alleged that the balance had increased and are currently pursuing payment. Additionally, Biermann also faced a lawsuit from Chase Bank regarding another credit card account, with the claim that he owed approximately $13,000.
In a separate, unrelated case, he encountered a judgment when Discover sued him for an alleged overdue balance that had reached $11,275.45. As it turned out, Biermann did not officially respond to the lawsuit, resulting in a default judgment.
Ultimately, a judge issued a ruling that he must pay the entire amount along with $111 in court costs. As previously noted, Biermann and Zolciak have been grappling with a series of comparable lawsuits lately, including one from Biermann’s legal representative.
In the filing, the attorney asserted that the Montana native had an outstanding balance of $801.01 in unpaid fees and services to the firm. At the time, he stated that the amount might increase due to a monthly 1.5% interest rate on all outstanding balances until the firm is fully compensated for the legal services provided.