Wednesday, August 20, 2008
DAMON DASH GOES INTO FORECLOSURE
Reports say that two of Damon Dash's Manhattan apartments have gone into foreclosure after the Roc-A-Fella co-founder failed to pay the mortgages
According to iht.com, the bank holding the mortgages says in a court filing that Dash and his wife Rachel Roy owe $7.3 million on the two properties.
Their monthly payments were listed as being $78,500 by Eastern Savings Bank.
Representatives for Damon Dash have yet to comment on the court filing
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