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Allen Iverson’s Life Does Not Appear to Be Going Smoothly, And TMZ Wants to Make Sure You Know About It

Feb 6, 2013, 12:01 PM EDT

What would we do without TMZ? If they weren’t around … we wouldn’t know about Allen Iverson’s apparently serious drinking problem … his allegedly awful parenting … and now that his Atlanta home has been foreclosed on.

The details:

TMZ 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 TMZ … Iverson’s bank purchased the mansion yesterday for $2.5 million.

What’s a $2 million loss to a guy too good for a D-League comeback attempt?

TMZ has a photo gallery of the home … but I don’t know … it doesn’t look like … a home … Allen Iverson would want … to live in … anyway …