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Former Philadelphia 76ers guard Allen Iverson loses mansion to foreclosure

Found February 06, 2013 on Bush League Chronicle: Yardbarker Blogger Network
PLAYERS: Allen Iverson
TEAMS: Denver Nuggets
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Perhaps former Philadelphia 76ers guard Allen Iverson should reconsider his decision to turn down an offer from the Texas Legends of the NBA's Development League.On Wednesday, the 37-year-old officially lost his home in Atlanta to foreclosure, according to TMZ. Iverson defaulted on the $1.2 million mortgage owed on the $4.5 million home, so Iverson's bank purchased the pad on Tuesday for $2.5 million. Amazingly, this isn't the first time Iverson has allowed one of his homes to slip into foreclosure.In 2011, his Colorado mansion that he owned while playing for the Denver Nuggets went into foreclosure after he failed to pay $2.5 million. Before then, his mansion in Pennsylvania when he played for the 76ers sat on the market for three years at $6.3 million. It eventually sold for $2.6 million in 2010, according to Yahoo! Sports. Iverson has earned over $150 million in salary over the course of his 14-year professional career.His troubles off the court aren't just relega...
Original Story: http://www.theblcblog.com/2013/02/for... Verified_ybn
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Report: Allen Iverson loses Atlanta mansion in foreclosure auction

Via Los That Sports Blog  |  February 06, 2013
Tweet Things just keep getting worse for former NBA MVP Allen Iverson. After turning down an opportunity to play in the NBA Developmental League (NBDL) and a shot at reviving his career, TMZ reports that Iverson has also lost him $4.5 million Atlanta home due to defaulting on his mortgage: TMZ broke the story … [...]

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Via BlackSportsOnline  |  February 06, 2013
  There was a time where Allen Iverson was once considered one of the best players in the NBA and a fan favorite off the court. Lately though, Iverson has had a hard fall from grace and it reportedly just got even worse. Iverson is newly divorced from his ex-wife Tawanna Iverson. While the two are happy about the split, Tawanna also happens to be the mother of Iverson’s 5 children...

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Via The Mars Reel  |  February 04, 2013
via TMZ: Iverson recently lost $3 million in a nasty divorce and now he’s lost his kids in light of a drinking problem.  Really an unfortunate situation, AI needs to clean up his act fast.   Allen Iverson – once considered the best player in the NBA — is a terrible parent … a horrible, irresponsible, pathetic excuse for a parent … this according to an Atlanta family...

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Via Beyond The Buzzer  |  February 04, 2013
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Allen Iverson’s Atlanta mansion in foreclosure

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There’s a lot going on with Allen Iverson these days. Last week AI declined an invitation to make a return to basketball via the D League, his divorce was finalized but, the judge allegedly ordered AI into counseling for alcohol abuse. This week we learn that “The Answer” has reportedly lost his Atlanta mansion to foreclosure. Of course TMZ has all the details: Iverson allegedly...

Allen Iverson Loses Mansion to Foreclosure

Via BlackSportsOnline  |  February 06, 2013
Tough couple of days for A.I. First, a judge says he is a drunk and bad parent, then he loses his crib to the bank per TMZ. Iverson had tried to save the mansion from going into foreclosure, but didn’t have enough funds (or decided it wasn’t worth the funds) to make it happen.
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