Back in June, Allen Iverson purchased a $2.2 million home in an exclusive Atlanta neighborhood. Approximately 60 days later, he was moving his family out. The 3 story, nearly 15k square foot house was supposed to be the new family house. According to A.I., it turned into a nightmare.

Pictures taken by experts hired by the NBA’s four-time leading scorer show a series of horizontal and vertical cracks in brickwork on the outside of the house. Inside, the house has been plagued with settling as well as wide gaps in doorways, oak floorboards that have separated and floor-to-ceiling cracks in walls.

Experts hired by the Iversons reported that the trusses in the floor system at the center of the home weren’t built to handle all the weight above, causing the house to sag dramatically.

Keep in mind that this is a brand new house, and Allen is the first owner. As you can imagine, A.I. is taking the home builders to court.

Iverson has hired Atlanta lawyer Kurt Hilbert and filed suit against the builder, seeking more than $6.2 million in damages. Iverson wants to force the builder to refund the purchase price of $2.2 million and to pay the family for relocation expenses, custom-built furnishings and other damages.

The builders of Iverson’s decrepit crib, Order Homes of Atlanta, have stated that they’ve built over 300 homes and they’ve never been sued. Order Homes offered to take care of all of the damage to the house, but the Iversons and their lawyers are only willing to accept a financial settlement.

If the owners of Order Homes were smart, they would do like Matt Geiger did. Buy the house from Iverson, and then collect all of the left behind Benzes, Timberlands, and cash.

Home a $2.2 million wreck, NBA star says. Courtesy of The Atlanta Constitution Journal

Tags: Allen Iverson, Money Pit, NBA, Real+Estate