Sports Basketball

Former NBA star Allen Iverson loses home to foreclosure 0

Former NBA player Allen Iverson waves to his fans before signing a contract with Besiktas, his new Turkish basketball team in Istanbul Nov. 9, 2010. (REUTERS/Osman Orsal)

Former NBA player Allen Iverson waves to his fans before signing a contract with Besiktas, his new Turkish basketball team in Istanbul Nov. 9, 2010. (REUTERS/Osman Orsal)

NBA superstar Allen Iverson is set to lose his home after defaulting on his mortgage.

The sportsman's $4.5 million mansion in Atlanta, Georgia will go up for auction this month after bank bosses foreclosed on the property.

The house and its contents will be auctioned off on December 4 if Iverson fails to reach a deal to save the property, according to TMZ.com.

Iverson has reportedly suffered money problems in recent years and is currently going through a divorce battle with his estranged wife, Tawanna.

Poll

Do you think Iverson should have "practiced" better money management skills?

Reader's comments »

By adding a comment on the site, you accept our terms and conditions and our netiquette rules.


Featured Businesses

Go to the Marketplace »