Ex-NBA Star Allen Iverson Loses ATL Mansion janda Thursday, February 7, 2013 Foul on the Play, The Game One can only shake their head when thinking about all the trials and tribulations that have seemed to engulf not only the NBA career Allen Iverson once had but other prominent areas of his life. Fresh off the heels of a divorce, he has now been bit by the foreclosure bug and has lost his mansion in Atlanta. In the divorce decree, Iverson kept ownership of the almost 10,000 square foot home which he had on the market for $2.5 million. Iverson had the home built four years ago for $4.5 million. According to sources, the home was purchased for $2.5 million by Georgia Primary Bank. As it’s been said here a few time before…if your outgo is more than your income then your upkeep will be your downfall. But hopefully somewhere along the way Iverson can get a grip, plant his feet on some solid ground and get it together.