Thursday, September 18, 2014
Inquirer Daily News

Iverson out of house and home

Iverson loses his ATL manse

Iverson out of house and home

Allen Iverson, 37, last played in the NBA in 2009-10, in his second stint with the Sixers. (Yong Kim/Staff Photographer)
Allen Iverson, 37, last played in the NBA in 2009-10, in his second stint with the Sixers. (Yong Kim/Staff Photographer)

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.

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Molly Eichel Daily News Staff Writer
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