Allen Iverson just took a big hit to his real estate game, as the 11-time NBA All-Star's Atlanta mansion has been sold off in a foreclosure auction, according to TMZ.

Iverson allegedly defaulted on a $1.2 million mortgage which sent the home into foreclosure. He was able to briefly keep the house from being auctioned, but ultimately couldn't stop it.

Sources told TMZ that Iverson's bank purchased the digs for the bargain price of $2.5 million.

Check out pics of his former home above.