Real Housewives of Atlanta Star Kim Zolciak Saves Priceless Georgia Mansion From Being Auctioned Off After Allegedly Being on the Brink of Bankruptcy
Kim Zolciak, best known for her appearances on the reality TV show Real Housewives of Atlanta, has made headlines recently for her role in saving a historic Georgia mansion from being auctioned off. The mansion, located in Roswell, Georgia, had allegedly been on the brink of bankruptcy and faced the possibility of being sold to the highest bidder.
However, Zolciak stepped in and purchased the property, preventing its auction and preserving its historic value. The story has garnered widespread attention, not only due to Zolciak’s celebrity status but also for her efforts in preserving a piece of Georgia’s history. This incident has sparked discussions about the importance of historic preservation and the role that celebrities can play in promoting it.
Kim Zolciak Biermann’s Georgia mansion is off the auction block
It has been confirmed that the Georgia mansion owned by Kim Zolciak Biermann and her husband, Kroy Biermann, is off the auction block. The couple has reportedly settled their differences with the lender and has been able to keep the home. The mansion, located in Johns Creek, Georgia, was first put on the market in 2013 for $2.8 million and the asking price eventually dropped to $2.2 million. The home features seven bedrooms, eight bathrooms, and a six–car garage.
According to a notification released by Fulton County, the Real Housewives of Atlanta alum and her husband, former NFL player Kroy Biermann, had their Alpharetta mansion put into foreclosure on Oct. 23 after they failed to make payments on a $1.65 million loan they took out on it.
On March 7, Trust Bank intended to hold an auction in front of the Fulton County Courthouse.
The matter has been settled, a source close to the Bravo personalities told PEOPLE on Friday, adding, “The pair has taken action to clear things up.”
The auction’s cancellation on February 22 was confirmed by the law firm of Brock & Scott, PLLC, to Entertainment Tonight.
Kim Zolciak has insisted that there was a “misunderstanding” with the bank.
The source stated, “She’s not leaving.” She is telling everyone this is a misunderstanding that is being resolved.
On Wednesday, her two grown children shared their mother’s thoughts. As she and her older sister Brielle, 25, arrived at LAX, Ariana, 21, said, “Everything is still there; we all live there.” The two confirmed that they had spent the previous night at the estate.
March 7, when the house was scheduled to be put up for auction, was the day Ariana added, “We’ll see what happens.” “Keep it tuned.”
Kim Zolciak has maintained that the situation with the bank was a miscommunication and that she is working to rectify the issue. She has reportedly been in contact with the bank and is confident that the issue will be resolved soon. Zolciak is said to be optimistic about the outcome and is working hard to ensure that the foreclosure notice does not go through.
Source: People
