It looks like Kim Zolciak and Kroy Biermann’s many problems aren’t going away anytime soon.
In the latest update, it has been revealed that the estranged couple are still in dispute with a bank over their Georgia mansion. The bank now claims it has the right to foreclose on the property to collect the money owed.
Truist Bank Moves To Foreclose On Kim Zolciak And Kroy Biermann Family Home
A new report asserts that Zolciak and Biermann are facing a lawsuit from Truist Bank asserting that the couple defaulted on their mortgage, giving the bank the “right to foreclose” on the mansion.
While the “Real Housewives of Atlanta” alum and retired football player are navigating a very publically contentious divorce, they continue to live in the family home. As a reminder, Biermann occupied the master bedroom, while Zolciak lived in the nanny’s suite and the basement.
Although the financial institution acknowledged the divorce proceedings, it insisted that this was not enough to prevent its foreclosure, according to legal documents recently obtained by TMZ.
MEGA
The outlet initially reported the story in October, noting that the superstar had asked a judge to stop the bank foreclosure auction. They did that with the intention of selling the property independently and reducing the estate price to $5.5 million.
Truist Bank said in a legal filing that it voluntarily postponed the auction in November. However, since Biermann and Zolciak were unable to sell the property themselves, the bank grew impatient and intended to continue using foreclosures to collect the debt.
The duo’s desperation to sell the property appears in court documents filed by Biermann and obtained by The Blast last month. According to the document, the former Atlanta Falcons player asserted a critical need to sell the 9,407-square-foot residence, citing severe financial hardship for him and his partner.
An excerpt from the filing states, “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 seized in November.”
He stated that “Current living conditions are unsustainable and detrimental to the mental and emotional health of minors,” adding:
“If the marital home is sold, it will provide both parties with enough income to secure their home, thereby removing the children from a toxic environment.”
Truist Bank Isn’t The Only Financial Institution That Wants What They’re Owed From Biermann & Zolciak
MEGA
In December 2023, Chase Bank filed suit against Zolciak for an outstanding balance of $4,624.02. The commercial bank provided several account statements as evidence, showing that the reality television star had been in arrears since November 2022.
Chase Bank claims that the outstanding balance has accumulated, explaining why they are asking for payment. The bank also sued Biermann over another credit card account, claiming he owed about $13,000.
In a separate, unrelated case, the former NFL star faces a judgment as Discover is suing him over alleged outstanding balances that have ballooned to $11,275.45. Unfortunately, Biermann did not formally address the lawsuit, which led to a default judgment requiring him to pay the entire amount in addition to $111 in court costs.
As previously noted, Zolciak and Biermann have been fighting a succession of lawsuits, including one from the latter’s legal representatives. In the filing, the attorney declared that the Montana college football player owed the firm $801.01 in unpaid fees and services.
He pointed out that the amount could increase due to the 1.5% monthly interest rate on all outstanding balances until the firm is fully reimbursed for the legal services provided.
It’s worth noting that Zolciak has tried to help 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 are handbags and shoes, such as a Chanel Shearling bag listed for $5,900 and a gray Louis Vuitton purse for $4,500. The sale also includes Gucci mink heels for $1,250 and Balmain plastic heels for $600.
Categories: Trending
Source: thtrangdai.edu.vn/en/
