The former music producer for Britney Spears, 50 Cent and Mariah Carey continues his legendary fall from grace -- Scott Storch has lost his massive Miami Mansion.
SunTrust Bank took back ownership of the home Storch defaulted on last July, buying it back at an auction on Friday for $5.5 million.
The 10-bedroom, 16-bath home was valued at around $7 million.
The bank had been trying to foreclose on Storch for months, but couldn't because he had declared for bankruptcy (it was recently dismissed).
Jacked from TMZ
SunTrust Bank took back ownership of the home Storch defaulted on last July, buying it back at an auction on Friday for $5.5 million.
The 10-bedroom, 16-bath home was valued at around $7 million.
The bank had been trying to foreclose on Storch for months, but couldn't because he had declared for bankruptcy (it was recently dismissed).
Jacked from TMZ
10 comments:
The nigga OD'd :shrugs: And his beats suck anyways. .
how do you have it all and then lose it all? did he stop making beats or something? was he too strung out on drugs? and if he was rich enough to purchase this home, wouldn't he be rich enough to hire a high class accountant that can grow his investment portfolio and increase his income just in case money from producing runs out? he gets no sympathy.
he looks weird anyway!
^^LMAO
His last big hit was Fat Joe's "Make It Rain" and now he's in a drought.
suka 4 luv
What a waste. shameful.
Don't be surprise they are a lot of celebrities that are on the same van wagon, this recesion has hit hard on many levels. Most of them are just fronting. Specially the ones who was never humble from jump. Watch and see.
Why not just pay cash for a smaller home?
My question is, is why these big rich celebrities, producers, song writers whatever, can't pay off their home? They already making millions. How hard is it to buy a house they can actually pay off, instead of getting a house they barely can afford!???
This it what happens when you by sh't you cant afford or maintain. At some point he had to think maybe I should move into a smaller mansion and save some of this money. Its not ballin when sh't starts getting repo'd.
He must be snorting a lot of money in coke cause even if he never produces another song he has to be making pretty good royalty money from the other joints her produced.
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