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Allen Iverson Fights to Save Atlanta Mansion from Foreclosure

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Allen Iverson has filed a lawsuit against the lender for his mortgage on his Atlanta mansion

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Former NBA star Allen Iverson has really been strapped for cash over the past few years. His monthly income is over $62,,000/month; however, the 11-time All Star baller reportedly racks up over $350,000/month in expenses ranging from entertainment to utility bills.

Iverson recently made headlines when celebrity gossip site TMZ learned that his $4.5 million Atlanta mansion was up for foreclosure and set to be auctioned on December 4. Iverson placed legal documents in court to halt the foreclosure process when he filed a lawsuit against the lender, alleging that he never consented to the loan.

He attributes the alleged bogus loan to his estranged wife’s spiteful behavior. The lawsuit has granted Iverson some extra time to save his home from foreclosure while he’s suing the lender.¬†After retiring from the NBA in 2010, Iverson played professionally in Turkey for Besiktas and in China for a celebrity game. Although Iverson inked a two-year $4 million contract for Besiktas, media outlets claimed he was still struggling to maintain his finances. He denies that his move to Turkey was due to his finances.

Staff

11 Comment

  1. Some folks need to just let these over-sized homes go. The blessing comes when that ginormously oppressive debt is no longer over your head. Give us FREE!

  2. Some folks need to just let these over-sized homes go. The blessing comes when that ginormously oppressive debt is no longer over your head. Give us FREE! (Amistad)

  3. "Some" folks need to just let these over-sized homes go if they can't afford it. The blessing comes when that ginormously oppressive debt is no longer over one's head. Give us FREE! (Amistad)

  4. dumbass!

  5. We couldn't care less about the size of Allen's house. He was GREAT BALLER with unbelievable skills. just get a some land in the country with a smaller house and enjoy your life, AI.

    • From the looks of your link, looks like he isnt the only Black celeb facing foreclosure.

    • True! Common the rapper as well

    • We as people get money and go completely insane!

    • You know it!!!! When we learn how money feel.

  6. REALLY WGAF…

  7. You made some decent points there. I looked on the internet to find out more about the issue
    and found most people will go along with your views on this website.

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