Wednesday, March 9, 2011

ALLEN IVERSON HOME IN FORECLOSURE


Former NBA player Allen Iverson of Besiktas Cola Turka reacts during their Turkish basketball league game against Fenerbahce Ulker in Istanbul, Turkey, Sunday, Nov. 21, 2010.

*Former NBA star Allen Iverson, an 11-time All- Star, has stopped paying the mortgage on his 6,848-square-foot house in Cherry Hills, Colorado, the Denver Post reported.

Iverson, 35, who purchased the property in 2008 for $3.88 million, let the six-bedroom, nine-bathroom home slip into foreclosure and owes more than $2.5 million to Wells Fargo Bank, the Post reported, citing a Notice of Election and Demand for Sale filed in Colorado’s Arapahoe County on Feb. 28.

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