Report: Allen Iverson loses Atlanta mansion to foreclosure
Former Denver Nuggets and NBA star player Allen Iverson has lost his Atlanta mansion to foreclosure according to TMZ.com.
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.
- 38 million gallon Portland water supply to be flushed after teen urinates in reservoir
- WATCH: Michigan judge yells at convicted killer -- 'I hope you die in prison'
- VIRAL VIDEO: Adorable, argumentative baby cannot be reasoned with
- 5 hurt after car slams into back of school bus in Larimer County