Reality TV star Kim Zolciak and her ex-NFL player husband Kroy Biermann are facing yet another financial setback as their Georgia home is in pre-foreclosure again. According to online records, their Alpharetta mansion is on the verge of foreclosure, with a pending sale date scheduled for November 7. This indicates that they have missed several mortgage payments and are struggling to keep up with their financial obligations.
Key Takeaway
Kim Zolciak and Kroy Biermann’s Georgia home is facing pre-foreclosure, signifying their financial difficulties and missed mortgage payments.
A Troubled Financial Situation
Earlier this year, Kroy Biermann filed legal documents seeking an emergency hearing to authorize the sale of their $3 million house. He claimed that their financial situation was deteriorating rapidly, and selling the property could help alleviate their significant debt. The couple had been struggling to make their monthly mortgage payments, with Kroy resorting to selling his personal belongings including backpacks to generate some cash.
Kroy even suggested that Kim sell her designer purses to contribute to their financial troubles, but she allegedly refused. Although Kim reportedly sold some luxury items, the funds obtained from these sales did not go towards paying the mortgage or any other bills. As a result, they found themselves unable to make their mortgage payment in July, which increased the risk of foreclosure.
Fighting to Save Their Home
In a bid to prevent the foreclosure, Kroy Biermann’s attorney, Maryls A. Bergstrom, has announced that they will be going to court on September 27th to request an order for the home to be sold. This legal action highlights the couple’s determination to protect their property despite their ongoing financial struggles.
It is worth noting that this is not the first time the couple has faced foreclosure. Earlier this year, their family home was on the brink of auction in February, but they managed to halt the sale by making their payments in time.
Ups and Downs
Kim Zolciak and Kroy Biermann’s financial troubles are not the only challenges they have faced in recent times. The couple filed for divorce in May, only to call it off in July. However, Kroy filed for divorce once again last month, adding another layer of complexity to their already tumultuous relationship.
While the future remains uncertain for Kim and Kroy, it is clear that they are fighting to save their home from foreclosure. The upcoming court hearing will determine whether they can find a solution to their financial difficulties and keep their Georgia mansion.
