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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
1.

cammy123    

Be careful who u marry

684 days ago
2.

rosemaryxoxo    

This guy use to wear kicks only once and throw them away and buy a new pair every single day and blag about it. So after retiring now he got hit with some financial problems. Smh ......

684 days ago
3.

datruth    

buying a house with 15 bathrooms when you only have one a#@...smdh.

684 days ago
4.

J4X    

Allen Iverson has the same taste in home decor as my dead granny. Makes sense though, he's got the whitest white guy name in the history of white guy names.

684 days ago
5.

GoodGirlNPursuit    

That just sounds so typical "not my fault my babies momma or the white man did it"....

683 days ago
6.

CloseUrLegsToMarriedMen    

Can't feel sorry for someone that made millions and millions of dollars and squandered it all away just like countless other athletes who don't have sh*t to show for it and get to this point and can't even afford the roof over their head. Pure stupidity and their own fault.

683 days ago
7.

lm    

That's messed up how he having hard times now who gone braid his hair in zigzags and ****tt.

683 days ago
8.

Pink    

Boy sit ya broke azz down and go find all them cars ya mammy would leave at the airport and just would go buy another one when she couldn't fine the one she left, how ignorant is that. I bet ya broke azz wish you had that money now. These athletes/celebrities are soo stupid, nothing last forever, should have learned how to save instead of spend, smdh. Save a mansion that you can't afford, for what, why, does this make any sense???? Gawdddd!!! Lawd help help him pzzzz.

683 days ago
9.

verlinda    

Cool house, I would love to own it

683 days ago
10.

Ashly Monet    

Damn allen....get ur **** together bruh

683 days ago
11.

Minime85    

Boy please as much as u made in the NBA you could've BEEN paid off your house...hell in a year I'm sure! Worrying about the wrong crap...these athletes have to do better smh

683 days ago
12.

fargone    

Wow, I didn't know mortgage lenders weren't requiring the signature of the only working spouse on loan do***ents. Usually, both spouses must sign.

683 days ago
13.

Concerned about society     

Just another street thug who would rather the MR.T starter set,15 cars 14 different babies momma the NBA should open up an orphanage

683 days ago
14.

Who the Hell is Khloe    

I remember his expensive and crappy shoes. Where is all that money back when you were on top of world. Now we know he is in foreclosure kinda weird I'm doing better than him, right?

683 days ago
15.

bob reed    

Give us a break - leave it to the LaLa lawyers to come up with an excuse like that - idiotic excuse. The house is in default - period - regardless so it who ends up paying..WE ALL DO not the banks....they pass on losses to us.

683 days ago
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