Iverson out of house and home
Iverson loses his ATL manse
Iverson out of house and home
Molly Eichel, Daily News Staff Writer
Allen Iverson is having a no good, very bad week.
The former Sixers No. 3 lost his Atlanta mansion at a foreclosure auction, according to TMZ. Foreclosure proceedings began in December after Iverson defaulted on his $1.2 million mortage. TMZ reported Iverson was able to stave off foreclosure in December by filing a lawsuit claiming he never consented to the terms of the loan set up by his now-estranged wife Tawanna. Iverson bought the house, worth $4.5 milllion in December 2010. Sources told the gossip website that Iverson's bank bought the mansion for $2.5 mil.
This news comes after the ATL judge presiding over Iverson's divorce slammed the erstwhile basketball great over his parenting skills.
Comments (99)
He will live better then most on here with the trust fund that he had set up.— JBA- No more free meals at TGI Fridays
Holla............— merchandiser - Where is his possey now? He helped out those buddies and they just left him out in the cold?— misterpond
- Jus because a person lets a house go into forclosure.doesnt mean they.re broke...its called making a financial decision...kkeep paying on a underwater or unwanted mortgage or let the bank eat the losss...this mortgage game is one of the biggest scams goin today....F the banks....if more people said F this mortgage game...we would see sum change in this world ..until then u r all slaves to the Banks...get a grip and a clue...— pokerplayer
- Big fan of Rent A Center?
— DixonBunz 
Now A.I. can join the 7,287 ex-professional athletes who each earned gigantic salaries....and lost it all because they had the mind and common sense of a 9 year old and a huge checkbook. Paying for a posse, expensive clubbing, Lamborghini's ..baby mamma's and babys, gambling, and spending in general like a drunken sailor is more expensive than these arrogant clowns realize. There's a great YouTube about the sad end of once rich athletes....some of whom are now reduced to dumpster diving, or sitting in some hotel, signing autographs. Brains and athletic ability don't seem to be distributed to the same person in many cases. Hats off to the few who had the maturity to realize that the train ride eventually ends.- Iveraon gets 1mill a year allowance until he.s 50 ..has a trust fund he cant touch until he.s 50yrs old ...this was done to protect him from going broke....after 50 he can do whatever he well pleases with $$$$$ thats been collectin interest for 25 years...JUS ALITTLE KNOWLEDE FOR U HATERS OUT THERE HOPING HE.S BROKE..DO SUM RESEAECH BEFORE U DEVILS SPILL ur VENOM.....HE.S STILL BETTER OFF THAN 98percent OF U CLOWNS ON THIS SITE...NoW SCRAM HATERS...— pokerplayer
- and then there are the ex-'athletes' (barely) like Clueless Rube who is not content to ruin himself with the "common sense of a 9 year old and a huge checkbook" and instead destroys a franchise...— warbiscuit
- holla— dontavoidtheobvious
- Hate to hear this, AI is a Philly icon and gave true Sixer fans a ton of great memories. Hope things work out for him.— ericg610
- AI, AI! what are you going to do now?— gj2001
- it be me Tommy the G ..... drinking a fifth of crown a day , driving around with guns with the posse and smoking the joints and gambling and chasing the women ...cmon man its just practice right ...its just practice ....wait until the game starts ....— TommyBelly
- Rock on, punk!— Joe Pyne
...if this guy has a trust fund that pays him $1M a year, then why was he begging the Sixers for a job last week?...
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Molly Eichel
Daily News Staff Writer
Esther Lee
Philly.com
Tirdad Derakhshani
Inquirer Sideshow Columnist
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