Search the Site   Advanced Search »
header
email Email to a friend | print Print version | comment Leave A Comment (0 posted)
Scott Storch To Lose Miami Mansion?
July 26,2008
image

Did you enjoy this article?

1 2 3 4 5 (total 0 votes)
Hip-Hop mega producer Scott Storch is now on the verge of losing his $10 million Miami home as SunTrust Bank closes in on a foreclosure.

According to the Palm Beach Post, the hitmaker responsible for creating smash singles for 50 Cent, Fat Joe, Dr. Dre and Beyonce had previously signed two mortgages with the bank worth a total of $7.75 million to purchase the home. However, Storch has missed most of his payments since the start of the year despite allegedly borrowing close to $170,000 from friends.

In addition to the expected foreclosure, Storch is also responsible for $11,215 worth of electrical lien throughout the 10 bedroom, 16 bath home and paying $17,151 for his personalized camera network.

Since last month, the producer has yet to be seen since a warrant was sent out for his arrest in late June.

As previously reported by, the hit producer’s downfall includes unexpected child support fees and management issues.

“There was some mismanagement and some other errors,” Storch’s child support lawyer Guy Spiegelman previously told The Associated Press. “I don’t think he’s going down, I just think he’s having difficulty. It’s a cash flow problem.”

252 times read
comment Leave A Comment (0 posted)
Related news
» DMX Still Behind Bars, Transferred To Arizona Jail
by admin posted on Dec 22,2008
» T.I. Responds to Baby Mama Lawsuit
by admin posted on Sep 15,2008
» T.I.’s Baby Mama Sues Rapper For More Child Support
by admin posted on Sep 11,2008
» Timbaland Sued By Miami Florist
by BlackStar posted on Dec 30,2008
» 50 Says New Movie May 'Shock' Some Viewers
by admin posted on Oct 15,2008
Dime Of The Week

keke cash


Lil Wayne, T.I. Top Mastertone Sales In 2008 | Jennifer Hudson In Talks w/ Obama To Sing At Presidental Inauguration | T.I. Goes To Court For $8k Payout, Says Nonpayment Was "Oversight" | Jim Jones Charged with Assault For Scuffle w/ Jay-Z Associate | Freeway Helps Kick-Off "Rebirth of Hip-Hop" Concert Series In New York | Dr. Dre's Son Died From Drug Overdose, Coroner Report Confirms | Lil' Wayne Explains His "G", Becomes Voice Of Gatorade Launch | T.I. & Usher Among Honorees For Trumpet Award | Profane STING performers will be charged | “Don’t Run” Vybz Kartel chants after STING experience
Most Popular
Most Commented
Most E-mailed