Allen Iverson Loses Atlanta Mansion in Foreclosure Auction

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Allen Iverson
is officially mansionless — our sources has learned the former NBA star”s Atlanta home has been sold off in a foreclosure auction.

our sources broke the story … Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction … but ultimately, he couldn”t stop it.

Sources close to the sale tell our sources … Iverson”s bank purchased the mansion yesterday for $2.5 million.

It”s been a rough week for Iverson — on top of losing his mansion, the judge in Iverson”s divorce case basically just called him the worst dad in the universe.