Allen Iverson Loses $4.5 Million Atlanta Mansion In Auction
Feb 07, 2013 | 9:30 PM Written By: John S
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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.
Source: bossip.com
Previous Comments
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Beautiful woman 02/18/2013 1:34 am
Damn AI if u weren't such an asshole to me and pissed and turned me off I would have helped u keep that house I did really like u but u had your chance and shot but blew it.. well good luck with everything else.. I'm sure your dboy pontnas got u
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True Facts 02/08/2013 8:37 am
That Russian guy should try to bring him to the Nets.
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WS 02/08/2013 1:30 am
suddenly sitting on the bench for league minimum isn't too bad huh AI?
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That's right Art 02/06/2013 8:22 pm
That's what I'm saying. He just needs to cut some financial fat off.
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Art 02/06/2013 7:51 pm
AI is not broke he is straight financially. Yall need to stop.
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AI Is still paid 02/06/2013 7:36 pm
He ain't broke by any means. He still pulls in upwards of 70k a month. But he spends way more than that. You can find plenty of stories online about this
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757 G 02/06/2013 7:34 pm
He still holding 30 mil
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@Oh No She 02/06/2013 7:33 pm
NBA Does teach players about handling finances. But some cats just don't listen.
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THUNDER KAT 02/06/2013 6:20 pm
word to my grand daddy. ''FUCK'' dumb niggaz !!!!!!!!!!!!!!!!!
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Ant Jones 02/06/2013 6:07 pm
Yo! I feel bad for dude but c'mon. All the fame, stardom and resources he had he can only blame himself for this...
