Celebrities & Gossip

Iverson out of house and home

Iverson loses his ATL manse

99 comments

Iverson out of house and home

POSTED: Wednesday, February 6, 2013, 3:58 PM

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.

99 comments

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Comments (99)

0 like this / 0 don't • Posted 11:55 AM, 02/06/2013

How dumb can you be to lose over $200 million. I don't feel the least bit sorry for this DOPE. Carma gets you everytime.

— nonshad

0 like this / 0 don't • Posted 12:57 PM, 02/06/2013

As dumb as someone who spells "karma" with a C...

— DixonBunz

0 like this / 0 don't • Posted 11:56 AM, 02/06/2013

It'll be interesting to see how long the posse hangs around now that they no longer can sponge off Bubba Chuck.

— drbob1

0 like this / 0 don't • Posted 11:59 AM, 02/06/2013

What is the over under on how much longer he lives before the inevitable drug overdose or domestic shooting? I say 2 years.

— Poppys

0 like this / 0 don't • Posted 12:11 PM, 02/06/2013

He needs to buy bigger diamond ear studs! That will solve all of his problems.

— rcbrooks1

0 like this / 0 don't • Posted 12:25 PM, 02/06/2013

I thought only chicks wore earrings?

— Just_Recently_Banned

0 like this / 0 don't • Posted 12:14 PM, 02/06/2013

You should neither have pity nor gloat over AI's finances. The man has a $30 million trust fund that gives him $1 million a year until he is in his 50s. Then he gets the lump sum. So he still has more money than any of us can imagine.

— towman

0 like this / 0 don't • Posted 12:27 PM, 02/06/2013

Lives his life like he pursued his basketball career: immature, selfish and a lack of self-control. That combination = failure as a person, father and husband, and no championship.

— Bob1