Found February 06, 2013 on
Jocks and Stiletto Jill:
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 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 [Tuesday] for $2.5 million.
Speculation has run rampent regarding Iverson’s finances. Rumors of out of control spending habits and also hiding money during his divorce proceedings most recently. Iverson still has hopes of returning to the NBA court and there’s also been talk of him some day joining the coaching ranks.
I’m sure AI has grown since his ...
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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 … [...]
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...
The bank has finally gotten a hold of AI’s mansion and went straight to the media to let you know what you can get these days for $2.6 million.
It is a nice house and you get the bedroom that has been converted into a dressing room for sneakers and tees. You can’t beat that can you? While the judge in Iverson’s divorce case is calling him a drunk and bad parent it looks like...
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...
The Mavericks excited fans by offering an invitation through their D-League to Allen Iverson just weeks ago to play for the Texas Legends, which he turned down via Twitter. It’s hard to believe AI will ever make a return to the court – especially after a judge ruled him an unfit parent with an alcohol problem, and ordered him to attend Alcoholics Anonymous meetings for a year...
Not to long ago Allen Iverson was once considered one of the best players in the NBA. Along with his tattoos, braids and thugish demeanor he was even a fan [...]
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.