Former NBA star Allen Iverson has lost his Atlanta mansion to foreclosure, according to TMZ.com.
Iverson allegedly defaulted on a $1.2-million mortgage, and Iverson's bank purchased the mansion on Tuesday for $2.5 million, the website reported.
There have been several reports over the last few years that Iverson is broke despite earning $154 million in salary during his career.
Iverson played for 14 seasons in the NBA and was named league MVP in 2001. He last played in the NBA in 2010.