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Allen Iverson Loses Atlanta Mansion In Foreclosure Auction

By BallerStatus Staff   /   Published 02/06/13

Allen Iverson

Allen Iverson officially lost his Atlanta mansion to foreclosure recently, after the former NBA star tried to work things out over the past few months.

The 37-year-old defaulted on his mortgage last year, and the property was set to go on the auction block. He would briefly block the sale, but it was inevitable.

According to TMZ.com, Iverson's bank purchased the mansion this week for $2.5 million... and it will, or has been, auctioned off.

Iverson purchased the home back in 2010 for $4.5 million.