Back in December it was revealed that Allen Iverson’s Atlanta Mansion was on the auction block after he defaulted on several mortgage payments.
Well apparently Iverson never coughed up the dough to keep his lavish mansion, so his bank has officially foreclosed on the huge home!
TMZ has learned the former NBA star’s Atlanta home has been sold off in a foreclosure auction.
Sources close to the sale tell TMZ … Iverson’s bank purchased the mansion yesterday for $2.5 million.
It’s been a rough week for Iverson — on top of losing his mansion, the judge in Iverson’s divorce case basically just called him the worst dad in the universe.
The good news? At least he still has his Maybach… *sigh*