Wednesday, February 6th, 2013 at 9:40 am  |  17 responses

Allen Iverson Lost His Mansion in Foreclosure

In addition to getting divorced (and being reamed out by a judge), former NBA superstar Allen Iverson has now lost his Atlanta mansion, as it was foreclosed. TMZ gleefully reports: “Allen Iverson is officially mansionless — the former NBA star’s Atlanta home 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.”

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  • Nigel

    Should have taken that D-League gig homie. Pride can be one of our greatest motivators, and one of our biggest obstacles. After being in the former camp for his playing career, he seems to have moved firmly into the latter.

  • Max

    AI is acting like a dumbass.

  • TBRK

    The story of this brothas life man…..must be made into a FULL-LENGTH film/biopic…..I’ve never seen any athlete ever who connected with a generation of people like AI did culturally- literally an individual representation and embodiment of a struggle. Every single odd against him, since he was born. Convicted criminal by before he was 18…was never ever treated to his worth, either on or off the court. The pound-for-pound greatest basketball player I have ever seen with my own eyes…..PERIOD, put an entire squad, a whole city, on the back of his 5’11″ 160lb frame with NO HELP. Let THEM tell his story and we will never remember a fearless, tenacious, individual who defied odds with the pressure of boulders on his back….We’ll never remember the little guy whose bones hit the deck hard about 15 times a game while driving it fearlessly at the basket against 7 footers…..We’ll remember “Me, myself, and Iverson”….We won’t remember the fact that he never EVER had a team built around him…We’ll remember ‘We talkin about practice?’, yeah that will be remembered forever in infamy…..but God bless John Thompson, had it not been for him taking a chance on this kid we would’ve remembered NOTHING…..probably like THEY would’ve wanted it….

  • http://www.facebook.com/profile.php?id=509819249 Gaurav P.

    Quite dramatic. I think you’re exaggerating AI’s worth as a basketball player and as an icon.

    I loved watching AI play, but there’s no need to wax poetic lyrics about the man. He had an impact on NBA culture, and had a couple of amazing seasons before he blackballed himself from the league due to his own ego.

    “THEY” did not do sh*t, AI lost his home and his career due to his pride.

  • chyea

    “No help”? “Never EVER had a team built around him”? Those early Sixers teams were built SPECIFICALLY for AI, a bunch of hustle guys who could play D so AI could take 30 shots a game. Make no mistake about it, those Sixers teams were VERY average offensively – but were tops defensively. It was Philly’s team defense, NOT AI putting up 30+ shots a game, that was the primary reason why they made it to the finals in ’01. That and the weakass Eastern Conference.

  • Fat Lever

    If you’re doing a biopic on someone you have to tell the whole story, no? AI the basketball player did great things on the court. AI the person, based on the numerous things I’ve read, seen, and heard(first hand as well) isn’t the greatest of people. I think the two extremes would be very entertaining to tell.

    The ironic thing about your post is that you are doing EXACTLY what you’re accusing “THEM” of doing, telling only one side of the story.

  • http://www.facebook.com/people/Mike-Gilbert/100001749589586 Mike Gilbert

    If no NBA team will take him (a team like Sacremento shoud. why not, you aren’t going any where anyway and it would sell tickets) then he should go make bank in China.

  • http://twitter.com/sooperfadeaway nbk

    player’s have trouble getting paid in China. And if you mess up ONCE, they will refuse to pay you. Ask JR Smith how that worked out.

  • Robert

    You SLAM posters are too funny. A house that no one has lived in since early 2012 has foreclosed and this is breaking news… Oh. That`s right because people in today`s world are disturbingly obsessed with TMZ and any juicy gossip surrounding a public figure especially when it`s something negative. Sorry to be the bearer of bad news but this tragic story is not a story. TMZ got people acting like “puppets on a string”

  • spit hot fiyah

    Another shoot first guard to the kings, who already has brooks, Thomas, fredette, evens, Salmons, and Thornton. that would be 7 guards that don’t like to pass the ball, great

  • KevinJohnsonFan

    His story isn’t over yet. Huge fan of AI. Always was and always will be. Hopefully, his full story will be told by someone who’s not in his camp but has good intentions and he will take part in it. Everyone must realize that his ego is one of the main reasons why he became such a huge icon. Never has the NBA had a hip hop icon in the way that Iverson was. Stern resented it but he didn’t have an issue with the fans and the money that it brought in. The NBA lifestyle is not one that anyone can understand unless you’ve lived it or are living it. So it’s stupid to sit back and judge him. He made mistakes and apparently is still making them. But the fact that he became one of the best 50 players to ever play at 5’10 165 pounds and got himself and his family out of the terrible situation they were living in says something about his heart and his character. His game speaks for itself. Wasn’t the hardest working player. Not the most efficient. But if you watched those Sixers games, you saw him carry that team game after game offensively. That 2000-2001 season and playoff run was special. Anyone would be ignorant to say that their defense was the main reason why they went so far. Someone had to score points too. I saw this man shed tears while his former coach Larry Brown talked about him on national TV in one of the few national TV talk show interviews he ever gave. His foundation has given scholarships to students for college. There are NBA players who can just be themselves now (not like MJ) because Iverson blew up without having to be like anyone else. He is an icon. He looked Jordan in the eye as a rookie and crossed him over twice when he had him beat the first time…the same man he had painted on the door of his room in his house as a kid. He did a lot for the league that they will never fully admit to. He’ll easily get into the Hall of Fame. And I can’t wait to hear that speech. It will be one of the most emotional speeches we’ve ever seen.

  • http://www.facebook.com/people/Mike-Gilbert/100001749589586 Mike Gilbert

    hopefully you get my point though. Some team with no hope should sign him to make money

  • http://www.facebook.com/people/Mike-Gilbert/100001749589586 Mike Gilbert

    From what I’ve heard if you follow the rules then it can be a great playing there. But I’m sure AI would act similar to how JR did…

  • speedy

    ‘No Hope’ ?
    Every team even the bad ones have hope to get better, by developing young talent and develop team play.
    Nothing against AI, but he wouldn’t help.
    Selling tickets for half a season isn’t helping you if your young talents can’t develop.

  • bill

    Getting drunk and leaving his young daughters alone in a hotel room with men unknown to the mother…*shiver*. Even Latrell Sprewell was like “Hey, my kid just got ravaged by my pit bull. This is out of line!”

  • Balln

    this guy sucks im happy he lost it, good way to teach him a lesson

  • http://twitter.com/Jzakoni Sanchez

    A.I childhood legend