It seems Kim Zolciak and Kroy Biermann‘s many problems are not stopping anytime soon.
In the latest update, it has been disclosed that the estranged couple are still in a dispute with a bank over their Georgia mansion. The bank now claims it has the right to foreclose on the property to collect the owed money.
Truist Bank Makes Move To Foreclose On Kim Zolciak and Kroy Biermann’s Family Home
New reports assert that Zolciak and Biermann are facing a claim from Truist Bank asserting that the pair defaulted on their mortgage, giving the bank the “right to foreclose” on the mansion.
Even though the “Real Housewives of Atlanta” alum and the retired football player are currently navigating a publicly contentious divorce, they continue to reside in the family residence. As a reminder, Biermann occupies the primary bedroom, while Zolciak resides in the nanny suite and basement.
While the financial institution acknowledges the divorce proceedings, it asserts that this is insufficient to impede its foreclosure rights, according to newly acquired legal documents by TMZ.
The outlet initially reported the story in October, noting that the superstars had requested a judge to halt the bank’s foreclosure auction. They did that with the intention of selling the property independently and reducing the estate’s price to $5.5 million.
Truist Bank states in the legal filing that it voluntarily postponed the auction in November. However, since Biermann and Zolciak have not succeeded in selling the property themselves, the bank is growing impatient and intends to proceed with exercising its foreclosure rights to collect on the debt.
The duo’s desperation to sell off the property surfaced in court documents filed by Biermann and obtained by The Blast last month. Per the documents, the ex-Atlanta Falcons player stressed the critical need to sell the 9,407-square-foot residence, citing severe financial difficulties for both him and his on-again-off-again partner.
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.”
He noted that “The current living situation is unsustainable and is detrimental to the mental and emotional health of the minor children,” 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 Financial Institution That Wants What They Are Owed From Biermann & Zolciak
In December 2023, Chase Bank filed a lawsuit against Zolciak for a past-due balance of $4,624.02. The commercial bank provided several account statements as evidence, indicating that the reality television star has been in arrears on payments since November 2022.
Chase Bank alleged that the outstanding balance had accumulated, explaining why they sought payment. The bank also sued Biermann over another credit card account, claiming he owed approximately $13,000.
In a separate, unrelated case, the ex-NFL star faced a judgment as Discover sued him for an alleged overdue balance that had risen to $11,275.45. Unfortunately, Biermann did not formally address the lawsuit, leading to a default judgment that demanded that he pay the entire amount in addition to $111 in court costs.
As previously mentioned, Zolciak and Biermann have been battling against a succession of lawsuits, including one from the latter’s legal representative. In the filing, the attorney declared that the Montana college footballer owed the firm $801.01 in unpaid fees and services.
He contended that the amount could increase due to a monthly 1.5% interest rate on all outstanding balances until the firm is entirely reimbursed for the legal services provided.
It is worth noting that Zolciak has tried to aid her and Biermann’s financial situation by putting some of her designer items up for sale via social media.
Among the items featured in the Instagram sale were handbags and shoes, such as a Chanel Shearling bag listed at $5,900 and a grey Louis Vuitton purse priced at $4,500. The sale also included her Gucci mink heels at $1,250 and Balmain plastic heels at $600.