Allen Iverson Defaulted On A $1.2 Million Mortgage

Allen Iverson Visits Jinjiang

Allen Iverson is fighting a foreclosure placed on an Atlanta mansion he owns. Last week, it was reported that he defaulted on a $1.2 million mortgage. However, A.I. is claiming that his wife is responsible for signing the mortgage — apparently to “screw him” — and has filed legal docs in order to prevent the sale of the property.

TMZ has more:

TMZ broke the story … Iverson’s $4.5 million mansion was scheduled to go up for auction on December 4th after he allegedly defaulted on a $1.2 million mortgage.

But before the sale took place, Iverson quickly filed a lawsuit against the lender that’s trying to take the home, claiming he never consented to the loan.

Iverson claims his estranged wife — with whom he’s going through a nasty divorce — signed for the mortgage in order to screw him … by agreeing to financial terms he couldn’t meet.

The lawsuit has since put a hold on the foreclosure proceedings … buying Iverson some extra time.

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