Not A Steal

This  was a case of both parties trying to take advantage of the other. Kim Zolciak moved in on a lease/purchase plan and then wanted to use guidelines set up for traditional loans to turn it into a bargain. That defeats the purpose for the investor in this case. Kendra Davis let them move into the house knowing they probably couldn't get a loan. But the house didn't appraise for what they were asking. Which would cancel all agreements up to that pont. When purchasing a home that's a deal breaker. That gave Kim a much needed way out.

With qualified buyers purchasing houses in the area comparable to this for $550,000.  That's $3 million that she really doesn't have. Kim Zolciak is not as dumb as people think. She picked up some trade secrets from her developer boyfriend Big Poppa. She always expected the appraisal to come back less than the owners were asking. In today's housing market there are some real bargains. This might be Kim's dream house. But this is not a steal.