Allen Iverson is now short one home. The former NBA star’s Atlanta mansion has been sold in a foreclosure auction.
Allen Iverson is officially mansionless — TMZ has learned the former NBA star’s Atlanta home has been sold off in a foreclosure auction.
TMZ broke the story … Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction … but ultimately, he couldn’t stop it.
Sources close to the sale tell TMZ … Iverson’s bank purchased the mansion yesterday for $2.5 million.
A couple of weeks, Iverson’s bitter divorce from his high school sweetheart, Tawanna, was finalized. She received a $3 million dollar settlement as well as child support and other benefits. However, the judge used the signing of the divorce decree as a moment to let Iverson know he felt his role as a father to the former couple’s five children has been deplorable and suggested the VA native was an alcoholic.
Check out photos of A.I.’s now former Atlanta mansion in the gallery.