Kim Zolciak and ex Kroy are on the brink of LOSING their $4.5M home to ... trends now
Kim Zolciak and her estranged husband Kroy Biermann are on the brink of losing their home as their lender issued a warning of foreclosure, unless legal action is taken.
New court documents, obtained by TMZ on Monday, reveal that attorneys for Truist Bank have set a date to reclaim ownership of the couple's Milton, Georgia mansion, after they defaulted on the mortgage in January.
In January, the duo dropped the price of the mansion to $4.5 million, after initially listing it on the market in October for $6 million.
The former Real Housewives of Atlanta star, 45, and retired NFL player, 38, have been put on notice that the bank plans to initiate a non-judicial foreclosure proceeding on or after May 3, per the outlet.
The specified date doesn't mandate an immediate eviction for Kim and Kroy, but it does signify the start of legal procedures.
Kim Zolciak and her estranged husband Kroy Biermann are on the brink of losing their home as their lender issued a warning of foreclosure, unless legal action is taken; seen in 2017
New court documents, obtained by TMZ on Monday, reveal that attorneys for Truist Bank have set a date to reclaim ownership of the couple's Milton, Georgia mansion, after they defaulted on the mortgage in January
In the midst of soaring interest rates and a sluggish real estate market, the couple sought to expedite the sale of the house.
The sale of the house came as a judge ordered Kim to live in the basement of the Georgia home amid the ugly divorce battle.
In an attempt to keep peace while the pair still share a home, the judge ruled Kim to stay in the basement/nanny quarters, while the former NFL star will be upstairs in the primary bedroom.
'Neither party shall enter the other party’s individually awarded space in the marital residence without permission,' read the documents, per the outlet.
However, Kim and Kroy were allowed to freely roam the common areas such as the kitchen and living room in the seven-bedroom, 11-bathroom home, which they purchased in 2012 for $880,000.
The judge also ordered the pair to act civilly towards one another in an effort to protect the couple's 4 young kids -- Kroy 'KJ', 12, Kash, 11, and twins Kaia and Kane, nine.
'Neither parent shall disparage the other parent in the presence of or earshot of the minor children,' the documents read.
Another stipulation stated that neither parent is allowed to listen in on the other parent's time with the children, and the children cannot be utilized as messengers between the parents.
Kroy and Kim purchased the home in 2012 for $880,000; they listed it for $6 million and this year dropped the price to $4.5 million
The former Real Housewives of Atlanta star, 45, and retired NFL player, 38, have been put on notice that the bank plans to initiate a
