Allen Iverson Loses Atlanta Mansion In Forclosure Auction
According to TMZ reports:
Allen Iverson is officially mansionless — TMZ has learned the former NBA star’s Atlanta home has been sold off in a foreclosure auction.
TMZ broke the story … 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 tell TMZ … Iverson’s bank purchased the mansion yesterday for $2.5 million.
Last week, AI turned down an offer for a spot on a NBA D-league (developmental league) team to see if he could still make it in the league. You know what they say, pride comes before the fall.
Hit the flippy for more pics of Iverson’s former digs.
Images via AP/TMZ
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