Allen Iverson loses Atlanta mansion in foreclosure auction

Posted at 2:29 PM, Feb 06, 2013
and last updated 2013-02-06 14:29:37-05

Allen Iverson’s bad week just got worse, the former NBA star’s Atlanta home has been sold off in a foreclosure auction, according to TMZ.

The Hampton native allegedly defaulted on a $1.2 million mortgage, sending the $4.5 million home into foreclosure.

TMZ reports Iverson’s bank purchased the mansion yesterday for $2.5 million.

Earlier this week an Atlanta judge ripped Iverson’s parenting in a custody decree while granting a divorce from his wife Tawanna Iverson.

Read more at TMZ