NBA Allen Iverson’s Atlanta Mansion Foreclosed
In Dec., we learned that Allen Iverson’s Atlanta mansion was getting ready to be placed in a foreclosure auction. He defaulted on the $1.2 million mortgage, which caused it to go into foreclosure. The home is valued around $4.5 million. Iverson did not let go of the house without a fight.
In fact, he did delay the foreclosure auction until now. As of yesterday, the bank purchased the Atlanta mansion for $2.5 million (via TMZ). If that is not bad enough, during his divorce case this week, the judge basically called him the worst dad in the world.
This NBA superstar is not so super anymore.
This photo is courtesy of By Keith Allison from Baltimore via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
Former Football Star Jamal Anderson’s Home Foreclosed
Second from left to right: Jamal Anderson, Marshall Faulk, Warren Moon and Tiki Barber
Jamal Anderson is a former football player. He was the running back for the Atlanta Falcons. Anderson’s mansion in Atlanta, Ga. just sold at a foreclosure auction for $1 million. He paid around $775,000 for the home in 1999. (via TMZ)
In 2007, we saw this mansion featured on MTV Cribs. The home has 10 beds, 12 baths and is 14,000 sq. ft. This massive house includes a movie theater, pool and basketball court.
Since this former running back has been off the field, he has been dealing with the law. Around Feb. 2009, he was arrested and charged with possession of cocaine and marijuana. The charges were later dismissed. In June 2012, DeKalb County police arrested him for driving under the influence.
He pleaded guilty and the charges were reduced to 12-months of probation and a $700 fine.
This photo is courtesy of Gamerscore Blog via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
NBA’s Allen Iverson Atlanta Home in Foreclosure Auction Today
Allen Iverson, a former NBA player, is losing his Atlanta home. Today, the bank placed the home in a foreclosure auction. The property is being auctioned with all of Iverson’s personal belongings inside. There is no word on a buyer yet.
In 2010, Iverson purchased the mansion for $4.5 million. Official records (via TMZ) says that the NBA star defaulted on his mortgage. The home is not the only thing Iverson is losing. Currently, he is going through a messy divorce.
This photo is courtesy of thanasim25 (Arthur Mouratidis) and it is licensed under the Creative Commons Attribution 2.0 Generic license.
Evander Holyfield in Contempt of Court
It looks like the legendary boxer; Evander Holyfield is having difficulty dodging these financial blows. Once again, he is back in the news, but this time he is being held in contempt of court in Georgia. He failed to pay $563,900.91 in back child support.
According to TMZ, this original debt stems from the initial payment of over $372,000. The child support is for his 18-year old daughter, Emani.
Holyfield was found in contempt of court by the judge who ordered him to pay $2.950 a month to settle the debt. However, the boxer did make an initial payment of $17,700, but the judge ordered a percentage of his income to be earmarked in order to pay down the debt.
Olympian Ryan Lochte’s Parents in Foreclosure
The swimming US Olympian, Ryan Lochte’s parents are drowning in debt and possibly losing their home.
Volusia County, Florida, a lawsuit has been files against Ileane and Steven Lochte. It is due to a mortgage loan that was original taken out in 2007 for $258,000. The monthly payments were $1,609.58.
According to reports, the Lochtes stopped paying the mortgage in February 2011. They currently owe $242,239 plus interest. The bank is suing to foreclosure in attempt to get their money back.
The lawsuit says if the sale of the home does not satisfy the debt, the bank will be pursuing the couple for the difference. Mrs. Lochte filed a motion last month to have the case dismissed. The judge has not yet ruled.
