Allen Iverson's Atlanta Mansion to Hit Foreclosure Auction

Dec 02, 2012 | 2:30 PM Written By: Jessica T

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Allen Iverson's Atlanta Mansion to Hit Foreclosure Auction

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

Previous Comments

Sam I Am 12/03/2012 12:59 pm

unfortunately, niggas still won't learn

..... 12/02/2012 9:49 pm

They should let him come to Brooklyn and play for the Nets. lol

j 12/02/2012 9:29 pm

Now he gotta CROSSOVER to the ghetto part of town to find a place to stay.

B 12/02/2012 7:18 pm

This what happens when you live to impress other people. Let's see am I gonna pay my mortgage or am I gonna get some expensive jewelry?

WS 12/01/2012 9:11 pm

All of the strippers in Atlanta thank AI for putting through college and buying them purses..... trick nigga

Memphis,tn 12/01/2012 3:44 pm

Gotta make it stretch kuz it get good when u first start making!

V 12/01/2012 3:41 pm

Mannn that looks like it could be my grandmas house more than a.i's.

1 REPLIED 12/01/2012 3:42 pm

for real

Rd 12/01/2012 2:20 pm

Let this be a lesson to you all that money means nothing n life n yu could lose it all in a blink of a eye...it's just paper...n it goes....

R U 4 Real? REPLIED 12/02/2012 9:48 pm

He didn't just lose it in the blink of an eye. He was out there buying a bunch of bullshit and wasting money on ho's like all the rappers and other rich black celeb's and athletes do.

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