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.


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