Saturday, April 18, 2015

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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