The Celebrity: Allen Iverson
When He Faced Foreclosure: February 2013
Why It Happened: It's no secret that AI has endured his fair share of money problems since his last go-round in the NBA. His biggest one came earlier this year when a bank took back his $4.5 million Atlanta mansion after he defaulted on his $1.2 million mortgage. The bank then put the home up for auction and made $2.5 million on the sale. So they recouped their cash, but AI is still out of a home.