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Allen Iverson

I'm Fighting My

Atlanta Mansion Foreclosure

12/9/2012 5:00 AM PST BY TMZ STAFF
EXCLUSIVE

1207-allen-iverson-gettyFormer NBA star Allen Iverson isn't just gonna stand by and watch while his Atlanta mansion hits the foreclosure auction block -- TMZ has learned he's already filed legal docs to put a stop to the sale.

TMZ broke the story ... Iverson's $4.5 million mansion was scheduled to go up for auction on December 4th after he allegedly defaulted on a $1.2 million mortgage.

But before the sale took place, Iverson quickly filed a lawsuit against the lender that's trying to take the home, claiming he never consented to the loan.

Iverson claims his estranged wife -- with whom he's going through a nasty divorce -- signed for the mortgage in order to screw him ... by agreeing to financial terms he couldn't meet.

The lawsuit has since put a hold on the foreclosure proceedings ... buying Iverson some extra time.

Calls to Iverson's camp and the lender he's suing have not been returned.
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For more sports stories, check out tmzsports.com!
49 COMMENTS

No Avatar
16.

NOT ELMO    

i R S...

594 days ago
17.

Bri    

Smart man that's all Ga want to do is steal your home the worst state in the union.... Lol

594 days ago
18.

Joao    

I'm thinking the obvious. If his ex signed for a mortgage in order to screw him by agreeing to financial terms he couldn't meet then he should have taken legal actions AGAINST HER way back when she did it. Instead they both spent the money and now that the money has disappeared and on the eve of the house be foreclosed he blaming her. If it wasn't the spouse it would have been he had a person managing his money who screwed him. Those two excuses appear to be the perinatal favorites.

594 days ago
19.

360    

Mo money...mo problems

594 days ago
20.

MyTmar    

If he wasn't so busy trying to be a baller & wanna-be o.g., he might have been able to maintain the house, but now that his finances are going down the tube he's gotta blame somebody(wife) when he should blame his accountant !!!

594 days ago
21.

stpetejohnny    

Allen....it's Practice

594 days ago
22.

ANON    

Go back to whence you came you piece of crap you reap what you sew

594 days ago
23.

suil956    

Saw this dude at a bar in Norfolk, Va.
The Palace to be exact kept throwing money off the bar. Who knows how many times he's done that well bet he wishes he didn't do that

594 days ago
24.

Big E    

MEn, keep all your money and never get married. THese women stick around until the money stops coming in. Shame.. Gold digger Universe. USA.

594 days ago
25.

g00dIes    

SEXY

594 days ago
26.

Ken    

Right. Sure. I'm broke and it's someone elses' fault. Maybe he can take advances off his credit card to keep it. Good grief.

594 days ago
27.

Domenic562    

Haha you broke piece of crap

594 days ago
28.

Goofy    

Maybe his little selfish azz should have PRACTICED more at keeping his wife happy....Bwahahahaha!

594 days ago
29.

Brittany    

I am going thro the same thing. BUT if i could make millions of dollars i would use it to buy off my home and not have to worry about it. unfortunatly im not rich but atm like many americans trying to save my home.

594 days ago
30.

TCK    

Maybe if you would have shown up to "PRACTICE" more often you would still be in the NBA making millions

594 days ago
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