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: 9931

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

Daphenous Reid commented on ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
"GOOD performance but There's no G - Unit without THE GAME too bad for him though"
3 minutes ago
dmanontap commented on ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
"That was done nicely! These sound guys can never get the mike levels right. I find it hard to believe that someones voice level changes that much after the sound check. Kidd kidd was having a ball lol. My boy was all on the staircase and the whole…"
3 minutes ago
Dat n**** marley commented on ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
"God damn they murdered dat show 50 had dem white people goin crazy! Kept hittin they head wit hit after hit"
7 minutes ago
vinroc50 commented on ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
"GUNIT wave continues .!."
26 minutes ago
Black commented on ChasinDatPaper's blog post Minnesota Vikings RB Adrian Peterson Out Indefinitely. Placed On Exempt List After 2nd Child Abuse Case Surfaces [Video]
"Parents don't beat their kids anymore that's why the world is all f***** up! Government trying to control every aspect of our lives and we too studio and blind to see the s***! Constitution is the only thing that protects us and now the…"
26 minutes ago
vinroc50 liked ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
27 minutes ago
Jay Sean liked ChasinDatPaper's blog post 2014 iHeartRadio Festival: 50 Cent, Lloyd Banks, Tony Yayo, Kidd Kidd & Young Buck Shut Down Day 2! (Full Performance)
28 minutes ago
Black commented on NewMusic's blog post Danny Brown - Smokin & Drinkin (Official Music Video)
"Stop rapping please"
33 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