Allen Iverson’s Atlanta Mansion Going On Auction Block

By BallerStatus Staff   /   Published 12/03/12

Allen Iverson

Former NBA superstar Allen Iverson's fall from grace continues. Most recently, new surfaced that he's about to lose his massive Atlanta mansion.

According to TMZ.com, the bank is gearing up to sell his Atlanta home in auction on Tuesday (December 4) after the 37-year-old former NBA player defaulted on his mortgage and the property was foreclosed on.

Iverson purchased the home back in 2010 for $4.5 million, and can still save it, if he shows up with cash before the auction is underway.

He is currently going through a nasty divorce with his estranged wife, and has famously blown through hundreds of millions over the course of his NBA career.

Iverson has not commented as of press time.