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.
thug— frank123456- Mortgage, we talkin' about MORTGAGE??— The Selector
- It's a tough transition coming back down to earth after living a life of glitz and glam for so many years. I wish he had listened to his advisors back when it could have made a difference.— DelcoSchmelco
- This is what happens when you bring your posse and hanger-ons along and put them on the payroll....sad....both he and Michael dragged to the bottom by thier useless blood suking homies...— nuggett
- Interesting. Is there a hint of jealousy in all the venom in expressed in these comments.— keithf35
- Good riddance to this little Gangsta'.— 1republican
- schadenfreude - German for taking pleasure in the sorrow of others.— 1000hugs
- where do posses go when the well runs dry?
he traveled with 30 people.
where are the 30 people now?
is he sleeping on their couch?— 1000hugs - For who? For what? How about a reality TV show of the lives of down and out professional aphletes? There are only couple of them who have blown through millions, lost it to the point of bankruptcy and have lived to tell about it.— boroughboy
- It is what it is.— Boru
- We talkin bout destitude... destitude!— argonne
- He is living on the high right now but there is those days down the line when he will wish to have not played himself short.— JBA
- Maybe he can make some cash, signing autographs at Fan Appreciation night! Oh, thats right, I forgot he doesn't attend those gigs!— cooperhawk
Comment removed.- The ghetto leagues, the NFL and NBA.— Faadoogled
