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Report: Allen Iverson loses Atlanta mansion to foreclosure

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Allen Iverson's mansion in Atlanta. Photo courtesy: TMZ

Allen Iverson's mansion in Atlanta. Photo courtesy: TMZ

Former Denver Nuggets and NBA star player Allen Iverson has lost his Atlanta mansion to foreclosure according to TMZ.com.

Allen Iverson

Allen Iverson

Iverson allegedly defaulted on a $1.2 million mortgage which sent the home into foreclosure. It’s worth an estimated $4.5 million.

TMZ reports Iverson’s bank bought the mansion Thursday for $2.5 million.

It has not been a good week for the former NBA star. Earlier in the week the judge in his divorce case called him a “hindrance” to his children.

Iverson and his wife, Tawanna divorced. They had five children together.