Damon Dash Is Latest To Be Caught Up In Foreclosure Frenzy

August 21st, 2008

.Music entrepreneur hasn’t paid mortgage since January

Damon Dash
Donald Trump recently bailed TV legend Ed McMahon out of home foreclosure, so maybe he can help Damon Dash, too. The co-founder of Roc-a-Fella Records hasn’t made a payment on his $78,504.20-per-month mortgage since January, according to The New York Post. Dash and his wife, Rachel Roy, are in jeopardy of losing their New York residence after taking out a $7.3 million loan on two Tribeca properties. The former hip-hop heavyweight reportedly owed $2 million in back taxes last year and has been fighting back debtors, despite an estimated $50 million net worth.

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Comments

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Ginger Said on

You reap, what you sow! I guess now he will be wearing the same T-shirt more than once. Stop flossin’ and take care of the blessings God gives you, or else!!!!!



PBrown Said on

BET, this is Dexter King’s photo. Where is the photo of Damon Dash?
Back to the comment. What did Damon buy? Two castles and a manion on the lot. A mortgage at $78,504.20-per-month is crazy money for any property.
Damon Dash was living above his means, even with his net worth being $50million.



kiana Said on

ladies and gentelmen… you have just witnessed a “nigga moment”. BET, y’all said it best, “we gotta do better”, lol.



B. Jones Said on

Okay why is Dexter King’s picture up there? Does BET not know who Damon Dash is? I’m positive you all could find his picture in Google.



lea Said on

it wouldnt hurt for him to cut back to a mortgage thats around 10thsnd a month or to give up a few properties. He aint working so if he was smart he would invest. I cant really feel sorry for him bc im not even making 73,000 a year! so cry me a river…



lea Said on

it wouldnt hurt for him to cut back to a mortgage thats around 10thsnd a month or to give up a few properties. He aint working so if he was smart he would invest. I cant really feel sorry for him bc im not even making 73,000 a year! so cry me a river… P.S. thats wat he gets bc he certainly wasnt humble win I saw him on cribs and he said every time he wears a t shirt or pair of socks they go in the trash after they have been worn once!!!!….thats jus trif!!….seems like reality needed to bite him in the a***!!!!!!!!!



Davidaw Said on

It is such a shame that a person of this caliber and stature would waste money like that. Why rent when you can buy. That just goes to show how some people waste money. However, at least he can say that he had it. Most of us won’t ever see a $1,000,000. And as far as the beef between Dame and Jay-Z, we won’t ever know the truth. In my opinion, I think Jay outgrew Dame and he just didn’t want to come for the corporate ride. Oh well. God Bless Both and all of you. Have a good day



Will Said on

I heard a wise man say that “A FOOL AND HIS MONEY ARE SOON PARTED”. Never spend your money on foolish things or you’ll loose it.



Ray Said on

Soooooooooo!!! Who cares? He didn’t share that sh*t with me. F*ck em!



Ray Said on

5:17pm CST – Greetings forum, tell B.E.T. give this feedback forum a timestamp so people can interact with greater relative frequency, from now on until they do, I’ll personally time stamp my own comments.



adrian kelley Said on

Well you know blacks different strokes for different folks and I stilldo nonunderstand he has had this money for a long time and ALK is still owed you know you know i am not a lot but i am somebody just like you and what is strange iam still won but still cheated



souther Said on

Hallo TT

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Next Year I will start to make my Master in Finance/Accounting, but nevermind I´m interested in the american Money, Banking and Financial Markets (culture).
Simply blog your website of your company here and I will give you response to your bargain.

Regards

SouthernBoy



southernboy Said on

Sam & Co

silence ,
no one gives a .. about your virtual sh…t .

PBrown

very funny !) LOL

And Damon D.

You are an idiot.
No one will help false friends, especially when it´s about CASH !!



Billboard300 Said on

Maybe if he had stood by Jigga’z side regardless of their differences, he wouldn’t be in so much debt. I mean Jigga is the man who raps “he don’t have to write ryhmes/ my money lasts three life timez”, someting like that, and he is not lying, is he?



Lisa Said on

this is riduculous. Why does he have a $78,000.00 per month mortgage in the first place. Who is his business manager. Thats the problem with us, we live for the momemt. Successful people should budget their money more wisely. You’re only as good as your last movie, or last hit song, or last real estate eal, or whatever your business is, we all are just a pay check away from being homeless. That includes wealthy people. People take note, let this be a lesson to you, just because your worth is $50 million, doesn’t mean you should go out and buy a $20 million dollar house. Look at Rihanna (broke).



imik Said on

This is what hapeens to our brothers when they sh!! on the brothers that helped them get where there at. You dis, you will be dissed! Now you need to take a course in how to manage your money, because its obvious you didnt use any of your money when you had it to consult with someone to help you budget. Just because you make money doesnt mean you can hold on to it. You need to apologize to JayZ and get your face right.



andre Said on

dese fguckin rapper smh



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