Back in December it was revealed that Allen Iverson’s Atlanta Mansion was on the auction block after he defaulted on several mortgage payments.
[READ: Iverson May be “Broke & Homeless” But He Still Has His Maybach…]
Well apparently Iverson never coughed up the dough to keep his lavish mansion, so his bank has officially foreclosed on the huge home!
[FLASHBACK: Inside Allen Iverson’s $4.5 Million Mansion… (PHOTOS)]
Details below…
According to TMZ, just days after he was referred to as the worst father ever by an Atlanta Judge…. Iverson is officially mansionless.
TMZ has learned the former NBA star’s Atlanta home has been sold off in a foreclosure auction.
Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction … but ultimately, he couldn’t stop it. 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*