Allen Iverson Lost His Mansion in Foreclosure

by February 06, 2013

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.”