Foreclosure for Roc-A-Fella founder Dash’s homes
Source: Nahright
Dame Dash is in the midst of losing two properties in Manhattan.
It seems that record and fashion mogul Dame Dash, who recently signed a multi-million dollar deal for wife’s Rachel Roy collection, is in deep debt with his luxury properties in Manhattan. Many have said that Dame has had a tremendous fall since he broke business ties with former partner Jay Z.
via IHT
Roc-A-Fella Records company co-founder Damon Dash and his wife are in jeopardy of losing two of their Manhattan apartments after apparently failing to pay their hefty mortgages.
The bank holding the mortgages says in a court filing Dash and Rachel Roy owe $7.3 million on the properties and it has begun foreclosure proceedings.
Eastern Savings Bank says Dash and Roy were supposed to make monthly payments of $78,500.
Efforts to contact Dash’s lawyer and publicist by phone and e-mail have been unsuccessful.
Dash is the estranged business partner of rapper Jay-Z.
That is so terrible I will pray for you.
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Dame Dash Broke??? WTH?? | said this on August 21, 2008 at 8:54 pm