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Allen Iverson's Atlanta Mansion to Hit Foreclosure Auction

Dec 02, 2012 | 2:30 PM    Written By: Jessica T
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Former NBA superstar Allen Iverson is about to lose his Atlanta mansion to foreclosure next week after defaulting on his mortgage. Allen originally purchased the home in 2010 for $4.5 million.

The famed baller is currently going through a hardship, as he's enduring a very public divorce and a lawsuit with Aydin & Company Jewelers, who say he owes them $859,896.46. In January a judge signed off on an order, allowing the store to recoup their loss directly from Iverson's Wells Fargo bank account.

Iverson has until December 4th to repay the difference on his mortgage.

Source: thisis50.com

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