Allen Iverson loses Atlanta mansion in foreclosure


allen-iverson-lossFormer NBA star Allen Iverson’s has lost his fabulous Atlanta mansion to foreclosure.

Iverson’s nearly 10,000-square-foot home off West Paces Ferry Road had been on the market for $2.5 million, according to Nelson’s News on wsbtv.com.

Iverson, his wife Tawanna, and five kids lived in the home he built in 2009. But he and his wife recently divorced. He retained ownership of the house in the divorce decree and was trying to sell it, according to Nelson’s News.

Robert W. Scholz, of the Atlanta law firm Evans, Scholz, Williams & Warncke, confirmed the house was sold Tuesday on the courthouse steps back to Georgia Primary Bank.

Iverson built the home, which features six bedrooms and six full baths, for $4.5 million four years ago. He made some interesting modifications.

“They actually turned one of the bedrooms upstairs into a closet, a complete dressing room, absolutely incredible, all custom built-ins,” Beacham & Company realtor Troy Stowe told Nelson’s News. “There were some areas in the closet that could house up to 100 pairs of tennis shoes. It is absolutely incredible. Over-the-top.”

The former star baller spent time in Philadelphia, Denver, Detroit and Memphis during his 14-year NBA career.

Iverson last played in the NBA in March 2010 before leaving the Sixers to take care of his daughter. He played professionally in Turkey during the 2010-11 season, and has also played some exhibitions in China.

Iverson, spent 14 seasons in the NBA, and was a winner of both the Most Valuable Player and Rookie of the Year honors. He is an 11-time all-star, and 4-time scoring champion.

Iverson took his team all the way to the NBA Finals in 2001 but lost to the Los Angeles Lakers in five games. Despite never winning a championship, Iverson was rated the fifth greatest NBA shooting guard of all time by ESPN in 2008.

Iverson played in 914 NBA games (901 started), and holds career average of 26.7 points per game, and 6.2 assists per game, with 41.1 minutes per game.

Four times in his career he averaged more than 30 points per game in a regular season – all with Philadelphia 76ers.

On Tuesday, a judge awarded custody of the couple’s children to Tawanna Iverson.

Allen Iverson has some visitation rights if he abides by certain conditions, many of which have to do with tending to what the decree calls “an obvious and serious alcohol problem,” according to TMZ.com.

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