Allen Iverson just caught another bad break when his Atlanta mansion was foreclosed on. TMZ is reporting that the former NBA All-Star defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure
A.I. briefly stopped foreclosure proceedings when he filed legal documents in December claiming that his ex-wife signed a mortgage she knew he couldn't afford to mess him over. A.I. says he never consented to the loan.
In the end A.I.'s bid to save his home failed and his bank bought the home yesterday for $2.5 million.
This news comes on the heels of A.I.'s ex-wife Tawanna Iverson being given custody of their five children after a nasty divorce battle.
A.I. was ordered by the court to not drink for the next 18 months, attend AA meetings and see a psychiatrist as conditions to see his children.
Check out pics of A.I.'s former crib below.
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