The alleged shielding of reality TV star Kim Zolciak-Biermann is no more a public announcement went up last week, indicating that the home in Alpharetta, Ga., which she shares with hubby Kroy Biermann, would go up for auction on March 7.
“The couple has taken action to resolve this,” a source close to Zolciak-Biermann told me People. “Entertainment tonightreported on Friday that the auction was called off on Wednesday.
Truist Bank had the authority to “negotiate, amend or modify any terms of the loan,” the public notice said.
The former ‘Real Housewives of Atlanta’ star and her husband reportedly defaulted on the $1.65 million loan they took out to purchase the property, which has six bedrooms, nine bathrooms and is featured in An video tour Zolciak performed on her Bravo show ‘Don’t Be Tardy’ in 2015.
That show — originally called “Don’t Be Tardy to the Wedding” — ran from 2012 to 2020 and followed Zolciak and the former Atlanta Falcons linebacker as they planned their November 2011 wedding and raised the four children they have together.
The couple bought the mansion on the 18th hole of the Manor Golf & Country Club for $880,000 in 2012, right after they got married and for Kroy Biermann in 2013 adopted Zolciak’s two daughters, Arianna and Brielle, from her first marriage. Redfin estimates the current value of the 9,407-square-foot home at just under $2.5 million, while Zillow estimates it at just over $2.8 million.
TMZ reported last week that a notice of foreclosure had been placed on the home indicating it would be auctioned on March 7.
But two of the couple’s daughters made fun of a TMZ videographer a few days later when questioned about the situation, with Ariana Biermann proverb, “don’t believe everything you read” and verify it was a misunderstanding and all their stuff was still in the house.
Posting an auction notice is just one step in the execution process – which in many cases can be stopped along the way – and it doesn’t always mean an auction will take place. Clearly. Ahem.