Allen Iverson Loses Atlanta Mansion to Foreclosure

Home reportedly sold for $2.5 million

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allen iverson atlanta mansionTMZ is reporting that the Atlanta mansion of former NBA star Allen Iverson has been sold in a foreclosure auction.

TMZ says Iverson defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. TMZ reported in December that Iverson tried to fight off the sale, but that he “quickly filed a lawsuit against the lender that’s trying to take the home, claiming he never consented to the loan.”

The gossip site cited sources as saying Iverson’s bank purchased the mansion for $2.5 million.

Read more at TMZ.