NBA Star Allen Iverson lost his Atlanta mansion to a foreclosure auction by the bank for $2.5 million. TMZ reported Iverson defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure yesterday.
Several weeks ago Iverson’s bitter divorce from his high school sweetheart, Tawanna, was finalized. The judge awarded her a $3 million divorce settlement, child support and other benefits. In signing the divorce decree the judge noted Iverson’s role as a father to his five children was deplorable and suggested the NBA star was an alcoholic.