Found December 10, 2012 on The Juicy Online:
PLAYERS: Allen Iverson

Former NBA star Allen Iverson isn't taking any responsibility in the foreclosure of his Atlanta mansion, as the baller is blaming his estranged wife for the FACT that the Atlanta home is being foreclosed on.According to TMZ, the $4.5 million mansion was scheduled to go up for auction on December 4th after he allegedly defaulted on  a $1.2 million mortgage.However, before the sale of the home could take place, Iverson filed a lawsuit against the lender, who is trying to take the home, as he's claiming that he was never apart of the signing of the mortgage agreement. Iverson says that his estranged wife, who he is going through a nasty divorce, signed the mortgage agreement  in order to screw him.... by agreeing to the financial terms of the mortgage agreement which he couldn't meet.Thanks to the lawsuit, the foreclosure proceedings have been put on hold, which gives Iverson some time to keep his home.This is what happens when you make millions ON TOP OF MILLIONS of dollars for years only to spend it like crazy only to have nothing at the end.

1 Comment:
  • "I mean listen, we're talking about a mortgage man, we're not talking about the game, we're talking about a mortgage, we're talking about a mortgage. I know its important, I honestly do, but we're talking about a mortgage."

Allen Iverson fighting Atlanta mansion foreclosure, says it’s his wife’s fault

Allen Iverson has no intention of letting his $4.5 million Atlanta mansion go to foreclosure without a fight. Earlier this month, word surfaced that the home Iverson purchased back in 2010 was set to be sold at auction on Dec. 4 after he allegedly defaulted on a $1.2 million mortgage. However, Iverson has filed a lawsuit against the lender that has held things up. According to TMZ...

Allen Iverson’s to-be-foreclosed Atlanta mansion (PHOTOS)

Former 76er, Nugget, Piston and Grizzly Allen Iverson has been having financial difficulties despite making north of $150 million.  Last week we focused on what he’s spending his cash on (click the link above).  And because he isn’t spending his money on the mortgage for this doozy of a mansion in Atlanta, Georgia, he will be losing it in a foreclosure auction. TMZ didn’t...
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