Kim Zolciak and Kroy Biermann’s multi-million dollar Atlanta home is — once again — at risk of going into foreclosure.
According to court documents obtained by People, lawyers for the pair’s bank lender, Truist, issued a warning of foreclosure to the former couple last week.
The bank gave them until May 3 to go back to court and fight for their home. After that date, the lenders will initiate a non-judicial foreclosure proceeding and get the ball rolling on reclaiming ownership of the Milton mansion.
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However, that doesn’t mean the pair will be immediately evicted from the home if they fail to take action.
The exes currently have the 15,000-square-foot mansion up for sale but have been struggling to find a buyer for the property.
In January, the pair — who are also in the midst of a messy divorce — slashed the sale price by $1 million.
They originally listed the home for $6 million in October 2023 but reduced the asking price by $500,000 a few months later due to lack of interest.
The most recent chop came just one week after the bank threatened to foreclose the property because they had “defaulted on their mortgage.”
At the time, Truist said in court documents that it “intends to exercise its rights” to seize the home unless Zolciak and Biermann’s debt was paid in full via the sale of the home.
The seven-bed, 11-bath home previously faced foreclosure in 2014 and then again in February 2023. However, the former couple was able to resolve the issue both times.
Although they sorted things out in the past, the pair have fallen on hard times in recent months amid their divorce.
To deal with their financial woes, the “Real Housewives of Atlanta” alum sold her skincare brand and listed thousands of dollars worth of designer duds for sale online.
Despite her best efforts, the pair’s debt has continued to mount.
Last month, a judge ordered Zolciak and her daughter Brielle Biermann to hand over the keys to their 2019 Land Range Rover so that they could repossess it.
The turnover order was filed just three months after Ally Bank, which was the lender for the Land Rover, claimed the pair owed them over $80,000.
On top of that, Zolciak and her estranged husband reportedly owe the IRS more than $1 million in taxes, more than $230,000 in a bank lawsuit filed last fall, and more than $150,000 in unpaid credit card fees.
