Former Real Housewives of Atlanta star Kim Zolciak and her estranged husband Kroy Biermann are trying to sell their Georgia mansion before it goes to foreclosure auction, after reaching a deal with Truist Bank as part of a lawsuit they brought against the bank. They recently put the 9,500 sq. ft. mansion on the market for $6 million, as it is their only valuable asset and the bank had initiated foreclosure proceedings against it. The couple has extra time to sell their home before a foreclosure auction can be rescheduled, with Truist Bank having until January 11, 2024 to respond to the case.
Kim Zolciak and Kroy Biermann, ex-Real Housewives of Atlanta stars, have reached a deal with Truist Bank to postpone the foreclosure auction of their Georgia mansion, allowing them extra time to try and sell the property before the deadline.
Former Real Housewives of Atlanta star Kim Zolciak and her estranged husband Kroy Biermann have been granted extra time to sell their Georgia mansion before the bank forecloses on it. The couple reached a deal with Truist Bank in the midst of a lawsuit they had brought against the bank. Kim and Kroy are currently in the process of getting a divorce and are attempting to sell their 7-bedroom, 9-bathroom, 9,500 sq. ft. mansion in Alpharetta, Georgia.
Last month, Kim and Kroy filed an injunction and temporary restraining order against Truist, as the bank had initiated a foreclosure proceeding on their home. They argued in court that the mansion is their only valuable asset and pleaded with the court to postpone the foreclosure auction scheduled for November 7, 2023.
The new agreement gives Truist Bank until January 11, 2024 to respond to the case, allowing Kim and Kroy more time to sell their home before a foreclosure auction can be rescheduled. Kim Zolciak wrote a heartfelt affidavit in the case, expressing the importance of selling the home to alleviate their financial difficulties and secure a stable future for their children. She emphasized the urgency of the situation, stating, “Kroy and I will face insurmountable financial hardships, and the most devastating consequence will be the impact on our children, who would be left homeless.”
The impending threat of foreclosure has put a financial strain on Kim and Kroy, and they are hopeful that the proceeds from the sale of their home will provide the stability their family needs.