Iverson out of house and home
Iverson loses his ATL manse
Iverson out of house and home
Molly Eichel
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)
This is what happens when you have a gambling addiction.— daxtremesolja- The guy had a heckuva run. It's time for him to forget about the ridiculous lifestyle he was leading and come back to earth. Heck, I'm sure he can still make good money signing autographs and making appearances.— dblankj
- I hope that happens and he can live a decent life. It all starts with him. He can fix this, be a good father and maybe even a role model to other talented youngsters on the wrong path. Kicking when he is down seems the in thing to do here on philly.com. That's a shame. — Copper34
- Iversons a bad guy. I loved him as a player but hes just a bad person. Multple stories including leaving his kids home alone with strangers, beating his wife in front of his kids, adultery. The list is endless. At some point in our lives we are all tested. This is his time. Time to man up. — hipdaddy
- He'll come back to earth like an asteroid from space, be under the ground before most of us. Unfortunately guys like Iverson just can't handle success and money.— my3cents
- What???Is this English?? You must be a proud graduate of the Phila. School District.
- $154 Million in career Salary. $50 M endorsement from Reebok. $204 M in earnings. He could have lived like a King just on the interest of his earnings.— argonne
- dax- You said it. I saw this all coming (and more) when I heard he was banned from all Detroit-area casinos. Who gets to that point? I mean, aside from Antoine Walker, Michael Jordan (to an extent), and a ton of other guys I don't feel like google-ing. It's sad when people can't find their off switch, whether it be with drugs, alcohol, gambling, hookers, etc. Money often awakens and stenghtens one's demons, and AI folded under the weight of his demons years ago. I wish him afull mental and financial recovery but something tells me he hasn't even hit his bottom yet. Best of luck Iverson, you gave me so many good memories at Georgetown and in Philly. Now you need to break away from your circle of "friends" and get your priorities in line.— jevans
- I never saw this coming.— Souperdad
- he was arrogant Ahole who got what he deserved,— bigtom blew3
- Never understood the low-lifes that come out to "comment" on a guy who is down on his luck. My understanding is that Iverson has some cash (millions) in a trust fund that he has not been allowed to touch. Hate on, bigtom ... — Copper34
- @Copper, great post, great humanity expressed by you for a guy who once gave us his all and who now hears only catcalls.
Funny how you and I and a few others are castigated mercilessly for our tough stance on something as unimportant as the job the Phils' GM is doing, but when a man, any man, like Iverson is being ripped incessantly as he is in these pages, very few object.— advantasux - Did you say "down on his luck" ? Really ? Someone who gets T-Boned by a semi and clings to life is down on his luck. Ignorance, arrogance, conceit and myopic narcissism are conscious decisions. Luck ? Dream on! — franky
- Once a knucklehead, always a knucklehead.— Borkey
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