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Allen Iverson

Loses Atlanta Mansion

in Foreclosure Auction

2/6/2013 12:30 AM PST BY TMZ STAFF
EXCLUSIVE

0205-allen-iverson-getty
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.

It's been a rough week for Iverson -- on top of losing his mansion, the judge in Iverson's divorce case basically just called him the worst dad in the universe.

1207_allen_iverson_home_footer

For more sports stories, check out tmzsports.com!
52 COMMENTS

No Avatar
16.

NYCBlackMan    

All I can do is laugh...................he had such a BETTER THAN YOU NASTY EGO and now look at him....................BROKE ASS HOMELESS LOSER!
LOL.......let that be a lesson to yall DUMB fellas look at TO, OCHO and the list goes on! Being a BITCH will get you bumped in the end. TRUTH!

561 days ago
17.

Joynjerzee    

I understand he comes in millions when he becomes a certain age? Not sure of the details. Anyway, I don't want to kick a brother when he's down. He's doing that to himself. Let's just remember that when he was on top everybody loved him and now, everyone wants to critiicize and make jokes about his situation. That's the American way!

561 days ago
18.

Feisty Kitty    

The NFL and NBA should make it mandatory that the players take finance classes.

561 days ago
19.

3Storms    

That's the ass who just 2 years ago let cops tow off his Lambo while saying "go ahead I have ten more." Let the fool get slapped with economic reality of his gross disgusting decadence with pissing away more money in a short time than most people see in lifetimes.

561 days ago
20.

Violent Pope    

Motherf?cker could ball back in the day.

561 days ago
21.

FletchGuy    

They forgot the word "Former" sports star. I can't feel bad for him.With the money he made his home should have been paid off and owned outright by now.

561 days ago
22.

Valentina1    

Just another dumb athlete. Next.....

561 days ago
23.

Mike    

How can anyone allow their home to be foreclosed on before putting it up for sale.

561 days ago
24.

Mike    

How can anyone allow their home to be foreclosed on before putting it up for sale. At least get something out of it, if not to save your credit rating.

561 days ago
25.

Kenney Ratcliff    

And this is the "Answer".

561 days ago
26.

RBalw1    

anothe case of more fast moiney han brains

561 days ago
27.

Moe    

$55 MILLION in career earnings....and he had a mortgage??? Seriously????

561 days ago
28.

jules wiggins    

PRACTICE,,we talking bout PRACTICE,,,WHAT AN IDIOT,,,,maybe he could 1 of those 10 or 15 members of that possy of his,(u know the 1's that wears those britches so lows) to loans him some monies,,,

561 days ago
29.

jms    

I wish a clueless wealthy person would put me in control of their money . The things I manage to do with a fraction of that ! It's all about money management, no matter what the scale. Has to hurt even more after having it all. Stupid :\

560 days ago
30.

Mike    

Ummm, Al, you're an idiot.

560 days ago
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