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Former NBA Star Allen Iverson Loses Home to Foreclosure

Posted: Feb. 19th, 2013  |  By DailyLuxe News

Photo: Zillow

Former NBA player Allen Iverson lost his house in Atlanta, Georgia, to foreclosure, according to reports TMZ and Fox News.

Iverson, nicknamed “The Answer,” did his famous crossover move to the bank, defaulting on a $1.2-million mortgage. Iverson previously pulled another bank shot, in Colorado, on a $3.87 million house that also went to foreclosure.

Iverson defaulted on a $1.2 million mortgage, according to TMZ. Now the house is listed for $2.8 million, a $200,000 price cut since Jan. 8, almost exactly three years since Iverson’s house was first listed for sale back in 2010.

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