Entertainment
Kim Zolciak and ex Kroy rush to court to plead for postponement of foreclosure auction of their Georgia mansion
The couple begs the court for help.
May 14, 2024, published at 12:10 PM ET
Kim Zolciak and her estranged husband Kroy Biermann asked a judge for a temporary restraining order to stop the bank from selling their Georgia mansion at an upcoming public auction — days after the bank revived its battle with the reality stars.
This is evident from court documents obtained by RadarOnline.comKim and Kroy demanded that the court immediately set a hearing for them to argue their case.
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The exes are in the middle of a bitter divorce, with the house being their most important asset.
Last year, Kim and Kroy filed suit against Truist Bank and requested an injunction against the bank from moving forward with a public auction of their 7-bedroom, 9-bathroom, 9,500 sq. ft. mansion in Alpharetta, Georgia.
The couple, who are still in the middle of a bitter divorce war, put the house up for sale in October 2023 for $6 million. In December, they lowered the price by $500,000 after failing to find a buyer.
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The house in question.
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In January, the exes decided to drastically drop the price to $4.5 million in an effort to sell it quickly.
Truist had a foreclosure auction scheduled for November 7, 2023, but it was called off after the couple filed their case in court.
In the filing, Kim alleged that they would “suffer immediate and irreparable harm because allowing Defendant to proceed with the execution would frustrate the spirit and intent of the order entered in the divorce case to preserve the marital estate .”
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She said: ‘I am writing this affidavit today with a sense of urgency and a sincere request for your understanding and assistance in a matter of great importance to my family.’
“Our main concern revolves around the home we share, in which we have invested not only our finances but also our memories. The bank has the mortgage for this property. and we are also burdened with a Home Equity Line of Credit (HELOC) and unresolved IRS liabilities,” Kim explained in court.
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Kim Zolciak
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Kim and Kroy demanded that the other pay spousal support in the divorce.
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Kim said she believed the returns the sale of the house would allow them to pay off their debts. As we previously reported, Kim and Kroy have been hit with a massive $1 million tax lien and several lawsuits over unpaid credit cards and bank loans over the past year.
The case saw little movement until April, when Truist said they were ready to move forward with the execution because of Kim and Kroy. because it was not possible to sell the house.
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Truist said it planned to initiate a non-judicial execution procedure on or after May 3.
On May 2, Kim and Kroy demanded that Truist not be allowed to proceed with the execution and that a hearing on the matter be held.
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Due to their financial situation, the couple is forced to continue living together.
“The marital home, located [in] Alpharetta, Georgia, is for sale, the property has been inspected and negotiations regarding the terms of sale have begun with several potential buyers,” the motion states. “Petitioners also seek a temporary injunction prohibiting Respondent from initiating foreclosure proceedings until the matter has been heard and determined.”
A judge has yet to rule on the case.
