Iverson Fights Foreclosure: Former NBA Star, Allen Iverson, Blames Estranged Wife for Default?
Allen Iverson is fighting foreclosure on his Atlanta mansion. According to new reports Iverson's mansion was to be put under the auction block, however, the former NBA star has been fighting the foreclosure and is doing everything he can to stop his home from being sold to the highest bidder.
Iverson reportedly already filed legal documents in an attempt to stop the upcoming sale, according to celebrity news site TMZ.
The mansion, which is said to be worth about $4.5 million, was scheduled to be put under the hammer on Dec. 4 after Iverson defaulted on a $1.2 million mortgage. However, Iverson recently filed a lawsuit that claims he never consented to the loan and so should not lose his home because it has been defaulted.
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Rather than himself being responsible for the loan, Iverson is arguing that his estranged wife, who he is allegedly going through a tense divorce battle with right now, signed up to the mortgage. According to TMZ, he claims that she purposes signed unreachable terms to the loan as she wanted him to be unable to fulfill them and end up losing his home, all in an attempt to get back at him.
Due to the lawsuit being fled against the mortgage company, the foreclosure proceedings have been put on hold. However, it is unsure how much extra time Iverson will now have.
Iverson won the NBA scoring title during the 1998–99, 2000–01, 2001–02 and 2004–05 seasons, and was one of the most prolific scorers in NBA history, despite his relatively small stature compared to most other NBA players – he is listed at 6 feet, 0 inches.
His regular season career scoring average of 26.7 points per game ranks sixth all-time, and his playoff career scoring average of 29.7 points per game is second only to Michael Jordan.
