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Former Nugget Iverson's home in foreclosure

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Former Nuggets star Allen Iverson's Cherry Hills mega-mansion is under contract and expected to close on April 8, but not before Iverson quit paying the mortgage. Iverson, who bought the 6,848-square-foot six-bedroom, nine-bathroom spread for $3.875 million in January 2008, let the property in the Buell Mansion subdivision slip into foreclosure on an outstanding balance of $2,572,914 owed to Wells Fargo Bank, according to a Notice of Election and Demand for Sale filed Feb. 28 in Arapahoe County.
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