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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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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




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