Tuesday, September 23, 2014
Inquirer Daily News

Allen Iverson losing his mansion: report

Ex-Sixers star Allen Iverson is losing his Rocky Mountain mansion

Allen Iverson losing his mansion: report

Allen Iverson, the ex-Sixer and NBA MVP and All-Star has stopped making payments on his 6,848-square-foot house in the Denver suburb of Cherry Hills, the Denver Post reports here.

"Iverson, 35, who purchased the property in 2008 for $3.88 million, let the six-bedroom, nine-bathroom home slip into foreclosure and owes more than $2.5 million to Wells Fargo Bank, the Post reported, citing a Notice of Election and Demand for Sale filed in Colorado’s Arapahoe County on Feb. 28," says Bloomberg here.

"The house was for sale and scheduled to close for about the asking price of $2.85 million, according to the newspaper."

More coverage
Gallery: Iverson through the years
Video: Sixers look to bounce back
 
T'Wolves' Love could be trouble for 76ers
 
Deep Sixer: Brand insists finger is fine
 
Get more 76ers coverage with our iPhone/Android app
Buy Sixers tickets
 
Buy Sixers gear
Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Business Videos:
Also on Philly.com:
Stay Connected