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Witches' Brew: We Fall Down and Then The Bank Takes Back Ownership of Our Home......

Wednesday, August 26, 2009

We Fall Down and Then The Bank Takes Back Ownership of Our Home......



Scott Storch doesn't seem to be able to get back on the good foot.....

Couldn't his boo boo help him out? Damn Kimmy, you wrong for that! I bet he prolly bought you a tit or 2...... how soon we forget Kimmy, how soon we forget......



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 bankrutcy


Via TMZ

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2 Comments:

At Wednesday, August 26, 2009 at 2:19:00 PM EDT , Blogger A.Smith said...

Whatever this is, this is his own damn fault, because he shouldn't want for a daggone thing...

 
At Wednesday, August 26, 2009 at 2:35:00 PM EDT , Blogger Frank Fitton said...

It seems almost unfathomable that someone can fall so far so fast. It just shows you how important it is to know the value of the money. Storch got his money really just having fun, producing records is work but its a nice work to be in. When you haven't really earned your money through hard work, its so much easier to lose it. Just ask any lottery winner.

I wouldn't doubt it if he makes a comeback though. If he really is as smart as he think he is, he'll be back. Hopefully then he'll have learned his lesson and exercise a little tiny bit of financial responsibility. I'm not asking for a whole lot, because I know that would be asking for too much.

At least he's got the world of reality television to fall back on, ain't that right Stephen Baldwin.

Check out my blog on Scott Storch's situation at... http://www.thedebtgazette.com/2009/08/scottstorch/

 

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