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.
How did he blow $204M in so few years? WOW!— Konstanty- did he PRACTICE being homeless?— moeski
- Maybe he can go back and complete his college and get his degree, so that he can land a good job!— TheGuyfromPhilly
- i think he should launch an NFL career. he was quite the good high school quarterback— kilo_005
Comment removed.- Kon.... The Big Posse doesn't come cheap.— drenner
- no sympathy for him or others like him who blow through millions. He should try working for a living at a real job. His attitude etc. caught up with him.— mumfordlmh
- Easy come, easy go...— ricciaje
- You can't fix stupid.— dasher
- This is what happens when someone is paid too much money for doing something so unimportant.— PotteryPete
- He is a stone cold dope. The end.— kelprod2-freemarket
- Comment removed.
- It ain't easy to blow $204m, friends, you really have to work at it. That $1.2m used to be chump change to him. What a sap, he'll be in jail or dead within a few years.— PhillySubsMac
- Just another dumb doofus— Wildman Bill
