‘RHOA’ Foreclosure To Begin On Kim Zolciak-Biermann’s Georgia Home
RHOA alum Kim Zolciak-Biermann’s Georgia home is about to go into foreclosure. There have been talks of her having money troubles and losing the home for some time now. However, it seems like this time it is truly serious, and she will need a miracle to save her lavish mansion. Read on for more details.
Foreclosure To Begin On Kim Zolciak-Biermann’s Georgia Home
It seems like it has been a long time coming but now, Kim Zolciak-Biermann’s home is about to be foreclosed on. Back in October, it looked like the home that she shares with her husband, Kroy was going to auction in early November. Apparently, she had failed to pay back a 300K loan which caused the home to go into foreclosure. The Georgia mansion was purchased a decade ago and is worth 2.6 million dollars. However, a lot has transpired in Kim’s life over the last ten years that has not benefitted her finances.
Along with Kroy and their children, they starred in the RHOA spinoff, Don’t Be Tardy. It showed Kim’s new life with her hubby and their newborns. Fans were used to seeing Kim as a single dating mother with two daughters, Ariana and Brielle. Now, she had a new, younger husband and they had expanded their brood. She became pregnant again while the series was running but after eight seasons, it was canceled. Though the family had other ventures, some failed to pan out. Nothing happened with the home, that is until now.
According to All About The Tea, Kim Zolciak-Biermann’s home has landed back on auction after she somehow dodged the bullet a few months back. Apparently, the latest filing from February 8th claims that the outstanding loan amount totals $1,650,000.00. Furthermore, there are taxes and fees to be added on. The proceedings actually started last summer but now, the official auction date has been set for March 7, 2023.
Living Too Large?
Kim Zolciak-Biermann and her husband initially bought the Georgia home back in 2012. At the time, they paid 880K for it. Then, as their family grew to eight, they made expensive adjustments and enhancements to it. This ultimately raised the value of the home but they likely doubted that their reality success would start to come to an end. More so, Kim and her daughters launched some endeavors that, again, did not pan out the way that they had initially anticipated. However, when news broke back in November that her home was going to auction, Kim vehemently denied it.
Can she save her home now or is it a lost cause? Do you think Kim Zolciak-Biermann should prepare to signiicantly downsize or will she be okay? Let us know in the comments below.
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It’s true! Go to thegoodthebadandthefake5 on instagram they have all the documents
I hate to see foreclosure happen to anyone but when they canceled the show they should’ve realized they should rethink their situation. Pride goth before a fall. I really feel sorry for these so called reality stars most try to live above their means. Now so many are in financial or even legal trouble. Life happens to us all no matter how famous.
I am a legal Assistant who works on foreclosure, bankruptcy cases. Kim can save their home if she is willing to do several things such as get a loan modification from your lender and reduce the mortgage and put all the missed payments on the end of the loan or she could file bankruptcy and she can stay in the home this will allow her and her family to get protection from the court ok with that said there’s one key factor missing You have to prove you have a source of income which is a JOB. oh but wait that’s right they don’t Work oh well better start packing.