Allen Iverson is in serious financial trouble trouble.

Well, actually we’re presuming the days of living large are over for the former NBA star.

What we do know, courtesy of TMZ, is that Mr. Iverson is on the verge of losing his big’ Atlanta mansion because the bank that’s holding the loan is gearing up to sell the house at auction next week.

Iverson purchased the home back in 2010 for $4.5 million — but according to official records, he defaulted on his mortgage and the bank foreclosed. Now, the home is set to be sold at auction on December 4th along with all the crap inside.

Iverson’s currently going through a nasty divorce with his estranged wife, and he’s famously been dealing with money problems including a nearly-million-dollar debt to a Georgia jeweler.

Iverson still has a chance to save it if he comes up with the cash before auction time but the clock’s ticking fast.

Calls to Iverson’s camp weren’t returned.

2 thoughts on “Allen Iverson to Lose ATL Mansion to Foreclosure

  1. If you think Jeremy`s story is really great,, five weaks-ago my boy frends mom also made $9954 working a twenty hour week from home and they’re co-worker’s sister`s neighbour was doing this for nine months and made more than $9954 in their spare time at There laptop. apply the advice available at this link…….

  2. Phoenix on said:

    What in the hell do they do with ALL that DAMN money….I’m sure Iverson has 5 million somewhere sitting earning interest, He just has too!!! Pay your bills dude!!!

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