May 24, 2013

Allen Iverson Victim of Foreclosure; Loses ATL Mansion

   

Allen Iverson sheds tear at press conference*Dang, poor Allen Iverson is having one crappy week.

On top of being singled out as probably the worst parent ever by an Atlanta divorce judge earlier this week, he got another dose of bad news. He’s now homeless. Well, actually he’s mansionless you could say.

TMZ is reporting that the former NBA star’s Atlanta home (see photo below)has been sold off in a foreclosure auction.

Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction, but ultimately, he couldn’t stop it.

Sources close to the sale say Iverson’s bank purchased the mansion yesterday for $2.5 million.

allen iverson mansion




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