Welcome to Sixshot.com, Electronic Hip-Hop Magazine  Sign-In | Join | Help
Sixshot.com

NEWS INTERVIEWS ALBUMS SPECIALS BLOGS

Scott Storch Facing Foreclosure On $10 Million Mansion printer friendly version Send this story to a friend!
Posted: 7/24/2008 3:22:47 PM by Black widow

Scott Storch's financial troubles continue to mount as reports have surfaced that the producer is facing foreclosure on his $10 million mansion.

According to The Palm Beach Post, Storch had signed two mortgages with SunTrust Bank that were worth a total of $7.75 million to purchase the home but has failed to make monthly payments for nearly a year.

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.

As reported earlier, Storch currently owes $511,839 in property taxes for the mansion and also owes $46,000 in child support. He also owes $500,000 to a record label  for reneging on a loan deal.

Storch’s lawyer, Guy Spiegelman, has blamed mismanagement and "cash flow problems" for Storch's financial difficulties.

Storch has produced hits for Fat Joe, Beyonce, Dr, Dre and G-Unit, among others.

Get the latest info related to Scott Storch

Peep the news archive

Send this Story to a Friend

Print this article printer friendly version

 Leave your comment

From : KRITACUL
LMFAO
Scott, I`ll buy some of that ice off you for 5 dollars.


Scott Storch Produces Lucky Luciano Flick

Scott Storch Facing Foreclosure On $10 Million Mansion

Arrest Warrant Issued For Scott Storch

Court Orders Scott Storch To Pay Up To Settle Loan

Timbaland & Scott Storch Bury The Hatchet; 'I Definetly Regret Rapping About Him' Says Tim

Sixshot Bits: Brief News On Trina, David Banner & Scott Storch

Scott Storch's Florida Mansion Repossed By Bank

© 2009 Web Media Entertainment Gmbh
About | Advertising Opportunities | Privacy Policy | RSS | Toolbar | Contact | Link Us | Web Hosting | Links