Allen Iverson loses home to foreclosure

U.S. basketball superstar ALLEN IVERSON is set to lose his home after defaulting on his mortgage.

The sportsman's $4.5 million mansion in Atlanta, Georgia will go up for auction this month (Dec12) after bank bosses foreclosed on the property.

The house and its contents will be auctioned off on 4 December (12) if Iverson fails to reach a deal to save the property, according to TMZ.com.

Iverson has reportedly suffered money problems in recent years and is currently going through a divorce battle with his estranged wife, Tawanna.

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