Scott Storch Finally Loses His Miami Home
August 26, 2009 by Porky
Once upon a time music producer Scott Storch was once said to be worth $70 million, money he earned by producing records for Christina Aguilera, Brooke Hogan and Beyonce among others. But Storch’s penchant for high living has gotten him in trouble. For the last year or so he’s been struggling to hold on to his home on Miami’s Palm Island. TMZ reports that the battle is at an end. Storch defaulted on the property last July but then declared bankruptcy. Now the bankruptcy order has been dismissed and SunTrust bank, which held two mortgages worth a combined $7.75 million against the property, bought the property back at auction on Friday for $5.5 million. Storch has said that he lost money during a period of time when he was addicted to cocaine and he went into rehab earlier this year.
Source: Luxist
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Another idiot producer/singer/actor pissing their millions away. Don’t feel no sympathy for em
true shit, i been to that niggas house before, ma homegirl said she knew him but aint believe her, until she took me over there and was like WHAT! this dude had like 11 cars and shit. why would you spend $$$$ on cars that you barely use, but that nite was chill though hangin’ out with dat dude, just sucks to hear that a big producer like that in the situation that he in now, but shits gonna bite u in the ass and look what happened…