Damon Dash In 7.3 Million $ Mortgage Debt

Dame might have to make a dash to the bank for a loan. The former Roc-A-Fella top dog and his wife are in jeopardy of losing two of their New York homes to foreclosure, according to the Associated Press.

Dash and Rachel Roy reportedly owe $7.3 million on their two New York apartments and the bank holding the mortgages has begun the process of foreclose on the properties.

According to court documents filed on Monday of this week, Eastern Savings Bank alleges that Dash and Rachel Roy have failed to make monthly payments of $78,500.

Last year, the self-proclaimed “Cake-a-holic” was listed among those who owed money in back taxes to the State of New York. Dash reportedly owed the state over $2 million in taxes. Dash previously filed a lawsuit against his accountant alleging his money was mismanaged over a four-year period.

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~ by vsadmin on August 20, 2008.

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