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Damon Dash in Danger of Losing NYC Homes

Posted Aug 20th 2008 4:30PM by Tracey Ford
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Where's Jay-Z when you need him? Rocafella Records co-founder Damon Dash is in danger of losing two of his New York apartments after failing to make his $78,500-a-month mortgage payment, which covers both properties.

According to reports, Dash hasn't made a payment since January and foreclosure proceedings have officially begun. It looks as though the hip-hop mogul and his wife, fashion designer Rachel Roy, owe Eastern Savings Bank approximately $7.3 million, but the bad news doesn't stop there. Dash reportedly owes $95,000 in unpaid rent to the owner of the office space for Damon Dash Enterprises, more than $2 million in New York state taxes and $100,000 to the federal government.

Filed under: Hip-Hop News, Busted, Say What!
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Jenni

wow that is so sad he is gonna lose his homes

October 13 2009 at 2:05 AM Report abuse Permalink rate up rate down Reply

WILLOX

HOVA HOVA HOVA HOVA HOVA HOVA HOVA HOVA HOVA THIS HERE IS A VICTORY LAP IM LEEEAVIN THIS IS HOW U GET ME BAK?

November 18 2008 at 3:52 PM Report abuse Permalink rate up rate down Reply

WILLOX

dam dame u c wat happens when u do business wit dirty niggaz from harlem like jim jones and da dirty crew u go broke havin a team like that And how does DAme Dash have a car note i thought people wit money dont do those things well in ur case u had money and now ur broke and almost homeless.Dame u shouldve stuck wit Hov u wouldve been good but the greed and da evils took ova u homie now ur out of the extravagant tax bracket and in the broke nigga tax bracket charma is a ugly motherfucker u dont wanna stare in its face.

November 18 2008 at 3:51 PM Report abuse Permalink rate up rate down Reply