Kim Zolciak Biermann’s Georgia mansion is off the auction block, a source tells PEOPLE.
Friday, a source close to the Bravo star confirmed to PEOPLE that the issue has been resolved, stating, “The couple has taken the action to clear this up.”
The law office of Brock & Scott, PLLC confirmed toEntertainment Tonightthat the auction was canceled on Feb. 22, but could not provide any additional information about the reason for the cancellation. Brock & Scott did not immediately respond to PEOPLE’s requests for comment.
Kim Zolciak-Biermann.BRAVO
Kim has insisted since news of the foreclosure notice broke thatthe situation was a “misunderstanding"with the bank, a source previously told PEOPLE.
“She is telling everyone this is a misunderstanding and is being sorted out,” the source said, adding, “She’s not moving.”
Her two adult daughtersechoed their mom’s sentimenton Wednesday.
“Everything is still there, we all live there,” Ariana, 21,told TMZ, while arriving at LAX, along with her 25-year-old older sister, Brielle. The pair confirmed they had stayed at the estate the night before.
Ariana added, “We’ll see what happens March 7,” the date the home was due to be auctioned off. “Stay tuned.”
Ariana Biermann/Instagram
While neither the couple nor the firm have shared details about what caused the home to go into foreclosure, a real estate expert shared the mostcommon reasons for home foreclosureswith PEOPLE.
“Ninety-nine percent of the time homes get foreclosed when mortgage payments are missed. But you can also get foreclosed on for not paying things like insurance or more commonly, property taxes,” explains Brock Harris of the VOYAGE Real Estate team at Compass.
He adds there is a straightforward way to avoid a foreclosure in that scenario: to pay any amount owed. “Typically owners have until the business day before [the auction] to redeem the default amount and halt the foreclosure,” Harris says.
“Ok you guys,my house has not sold for $257,000,” she started in the clip, panning around the interior of her home. “If you guys think I would let my home that we’ve put millions and millions of dollars into go for $257,000, you’re an idiot, okay? For real.”
Shortly after the couple bought the seven-bedroom home in 2012, Kim gave fans a tour of the property, above, on their Bravo reality seriesDon’t Be Tardy. She previously leftRHOAafter starring in the first five seasons.
“I absolutely love our new home,” she raved before showing off their lavish dining room and adding: “Kroy and I are the king and queen of this f—ing house, so this is perfect for us.”
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Kimtied the knotwith Kroy, 37, in 2011, and they raised her daughtersBrielleandArianain the home. After the wedding, he became the girls' adoptive father and they took his last name.
They also welcomedKroy “KJ” Jagger Jr., 11, Kash Kade, 10, and twinsKaia Rose and Kane Ren, 9, while living there.
source: people.com
