Report: Allen Iverson loses Atlanta mansion to foreclosure

Posted on: 4:01 pm, February 8, 2013, by

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.