Allen Iverson - Basketball Star Allen Iverson Halts Mansion Auction

American basketball star Allen Iverson has managed to stall a planned auction to sell off his foreclosed Atlanta, Georgia mansion by filing legal papers objecting to the sale.

The former Nba icon's $4.5 million (£2.8 million) home was due to go under the hammer on Tuesday (04Dec12) after he allegedly defaulted on his mortgage, but the auction was pulled at the last minute as Iverson claimed he never consented to the bank loan.

The sportsman blames his estranged wife Tawanna, who he is in the process of divorcing, insisting she signed for the mortgage plan in his name even though she knew he could not afford the $1.2 million (£750,000) payment, according to Tmz.com.

Iverson reportedly earned more than $154 million (£96.25 million) during his 14 years in the Nba, playing with the Philadelphia 76ers, Denver Nuggets, Detroit Pistons and Memphis Grizzlies, but is said to be drowning in debt.


Contactmusic

Tags: Allen Iverson

Advertisement

Editors Recommendations

'Ouija' Cast Joined By Fellow TV Stars For Hollywood's Spookiest Social Seance [Video]

With the forthcoming release of supernatural horror 'Ouija', the cast were joined...

'Ouija' Cast Joined By Fellow TV Stars For Hollywood's Spookiest Social Seance [Video]

Smashing Pumpkins Unveil 'Monuments To An Elegy' In December - Stream Single 'Being Beige' Now [Listen]

Just in time for Christmas, the Smashing Pumpkins will be releasing their...

Smashing Pumpkins Unveil 'Monuments To An Elegy' In December - Stream Single 'Being Beige' Now [Listen]

Remembering Jamaican Reggae Legend John Holt

John Holt, the legendary reggae singer and member of the ska band, The Paragons, passed away in a London...

Remembering Jamaican Reggae Legend John Holt

There's Hope For Us Yet! Pink Floyd Likely To Beat One Direction

It's frustrating for any musical connoisseur that carefully manipulated pop...

There's Hope For Us Yet! Pink Floyd Likely To Beat One Direction

Keanu Reeves' 'John Wick' Has 100% on Rotten Tomatoes - Best. Film. Ever.

Admit it. You thought John Wick was going to be a big, fat flop didn't you?...

Keanu Reeves' 'John Wick' Has 100% on Rotten Tomatoes - Best. Film. Ever.

Goodfellas Vs The Simpsons: 'Goodfellas' Actor To Sue Fox Over The Simpsons Mob Character

'The Simpsons' face a lawsuit of $250 million after Frank Sivero, who...

Goodfellas Vs The Simpsons: 'Goodfellas' Actor To Sue Fox Over The Simpsons Mob Character

Led Zeppelin Sort of Lose First Round in 'Stairway to Heaven' Lawsuit

Maybe this lawsuit won't be as easy to win as Led Zeppelin probably assumed...

Led Zeppelin Sort of Lose First Round in 'Stairway to Heaven' Lawsuit

Klaxons - A New Reality Video

Klaxons make a light show of their new video for track 'A New Reality', taken from their third studio album 'Love Frequency'...

Klaxons - A New Reality Video

The Marivaux - Interview

The Marivaux grew up smack bang in the middle of the Manchester music scene which, love it or loathe it, has...

The Marivaux - Interview
Advertisement

Comments

Allen Iverson Newsletter

Subscribe to this news alert service to receive news and reviews on Allen Iverson

Unsubscribe | Unsubscribe All