Allen Iverson Loses Atlanta Mansion To Foreclosure [Pics]

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin

Views: 9933

Tags: Allen, Atlanta, Foreclosure, Iverson, Loses, Mansion, To, [Pics

Comment

You need to be a member of ThisIs50.com to add comments!

Join ThisIs50.com

Comment by mike on February 6, 2013 at 3:07pm
he not broke he was just beinn cheap af
Comment by Joy on February 6, 2013 at 1:48pm
Lol mmmm wife signs loan he didn't agree to... why would he keep payin for something he never wanted. we dont know what A.I. has!
Comment by unitg on February 6, 2013 at 1:22pm
ay A.I f*** that house son u dont need it just focus on gettin back on track dog thats all
Comment by D Carroll on February 6, 2013 at 1:01pm
TMZ also reported that a close friend of A.I. had invested alot of his money a there was close to $30 million that know one new about that came out in the divorce.So he is not broke at all.
Comment by Grandmaster Z on February 6, 2013 at 12:28pm
The n**** broke mane smh
Comment by myles on February 6, 2013 at 12:02pm
dam son, i hope its business move and he aint broke



Upcoming Releases

Members

 


Example Searches:
music, girls, Bentley

Latest Activity

Shilee AKA Hip Hops FEMME FATALE commented on ChasinDatPaper's blog post Iggy Azalea Won't Be Collaborating With Snoop Dogg Anytime Soon: "Would You If You Were In My Shoes?" (Video)
"now your going off topic and your ALL over the place! making it very "personal" about Snoop! my point is this, rather Snoop is irrelevant or not, he's STILL a legend, something Iggy is NOT! so I'm going to put it very simple for…"
2 minutes ago
GANGSTA WAYNE commented on Besir Esati's blog post Lloyd Banks & Tony Yayo Live At Emporium, Long Island, NY (Photos+Videos)
"it looks live"
2 minutes ago
Breezy Says shared their blog post on Twitter
5 minutes ago
Breezy Says posted a blog post

S.I.N. Saturdays at Club Silhouette (Free w/ Miss Atown GuestList) #ATL

Coalition DJs, @ShanodJohnson1, @Whymen_Grindin, @The_Amba$$ador$ & HNIC ENT presents S.I.N.Sexy | International | Nightlife in BuckheadSaturday its the #CremeDeLaCreme (Best of the Best) #CoalitionTeam LIVE Catch @MissAtown2u +…See More
6 minutes ago
Profile IconThisis50 via Facebook
Thumbnail

Iggy Azalea Says She Won't Be Collaborating With Snoop Dogg After Their Beef

Iggy Azalea Won't Be Collaborating With Snoop Dogg Anytime Soon: "Would You If You Were In My...

www.thisis50.com

Video After The Jump Iggy Azalea and Snoop Dogg had a well publicized feud recently that was squashed by T.I. TMZ caught up with Iggy at Los…

See More
Facebook11 minutes ago · Reply
LadyTruth®™ shared 50 Cent's blog post on Twitter
11 minutes ago
Columbus J commented on ChasinDatPaper's blog post Run The Jewels (El-P & Killer Mike) - Run The Jewels 2 (Album Stream)
"This s*** is sick"
31 minutes ago
Jullsan commented on ChasinDatPaper's blog post Iggy Azalea Won't Be Collaborating With Snoop Dogg Anytime Soon: "Would You If You Were In My Shoes?" (Video)
"Iggy is wack and Snoop is corny as fck nowadays. The whole situation is just lame."
40 minutes ago

© 2014   Created by 50 Cent.

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service

© 2012   Created by 50 Cent.   Powered by .

Badges  |  Help  |  Terms of Service | Privacy Policy