Skip to main content
(678) 915-2634 Contact Us
Former NBA star’s Atlanta home auctioned in foreclosure action Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Former NBA star’s Atlanta home auctioned in foreclosure action

Foreclosue Sign on Top of For Sale Sign in Front of House

Former NBA star Alan Iverson’s home in Atlanta, Georgia, was auctioned recently as a part of a foreclosure action by a bank that Iverson owed an estimated $1.2 million to on the mortgage.

The former basketball star has been facing financial struggles for quite some time, experiencing a foreclosure on a home in another part of the country in 2011. He has faced various other financial troubles according to recent reports, including an incident last year when a judge in Georgia garnished a portion of his wages to pay off a jewelry debt.

Matters for Iverson are complicated by an ongoing divorce negotiation between him and his ex-wife of 11 years with whom he has five children. He recently experienced a setback in that respect as well when his wife was awarded full custody.

Many Atlanta readers might be surprised to hear that someone with such a successful career could fall onto financial hard times the way that Iverson has. While it is true that the basketball player has a very high income, still making as much as $60,000 a month, he also has a tremendous amount of debt and financial obligations. Like other Georgia homeowners, the professional athlete purchased his property at a time when he expected to continue to earn at a high rate and when he may have expected property values to increase. Sometimes a miscalculation or an unexpected job loss can result in the inability to pay off all of one’s debts. Some publications have estimated that the basketball player has more than five times his income worth of financial obligations each month.

Source: Examiner, “Allen Iverson’s money woes continue; loses Atlanta mansion in foreclosure,” Carla Ives, Feb. 6, 2013.

More information about the foreclosure process in Atlanta is available on our website.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review