August 20th, 2008
Damon Dash Has Two Homes In Foreclosure?
Court documents show Dash, founder of Roc-a-Fella Records, and his wife Rachel Roy are being sued by Eastern Savings Bank, which claims they haven’t made mortgage payments on two TriBeCa neighborhood homes since January, the New York Post reported Wednesday.
The payments are for more than $78,000 per month on a $7.3 million mortgage, the newspaper said, adding that the documents also reveal Dash has a $100,000 federal tax lien on the properties. The Post said Dash did not return its requests for comment. He reportedly owes the city of New York $2 million in back taxes.
Source: UPI
Damon Dash is reported to be worth 50 million so he shouldn’t be going broke anytime soon.
Suggestion Box
August 20th, 2008 at 12:22 pm
naw realtalkny he doesnt wear the same shit twice remember??mtv cribs
August 20th, 2008 at 12:25 pm
what happened to that 4 billi deal he an his wife did a few months ago?
guess going into foreclosure is whats hot in the streets now
August 20th, 2008 at 12:28 pm
HE’S GOING BROKE LIKE VANDAL OFF THE BANANA BOAT/BANANAS AND THE RIFLES NO CAMERAS IM JUST A MAN ALONE/
August 20th, 2008 at 12:36 pm
WOW, I’m for the Jay-Z comments to roll on in!!!
August 20th, 2008 at 12:36 pm
Dame’s a smart guy always trying something new and innovative. I’m sure he will get out of this mess (if its true).
August 20th, 2008 at 12:37 pm
LMAO OFFICER RICKY ROSS YOU’RE CRAZY
August 20th, 2008 at 12:48 pm
Its called KARMA. Damn i miss ROCAFELLA RECORDS with bleek, sigel, free, YG’z, Sparks & O and them. The good ole days.
August 20th, 2008 at 2:01 pm
They most certainly do.
August 20th, 2008 at 2:09 pm
damn im really startin 2 feel bad 4 this guy
lol as im readin the new jay-z article in the 15th anniversary of vibe magazine
good luck dame
August 20th, 2008 at 2:14 pm
Man this shit is bogus…Dame is worth Millions.
and…
ROFLLL…LMfaooo…
OFFICER RICK LEONARD ROSS wrote on August 20th, 2008 at 12:28 pm
HE’S GOING BROKE LIKE VANDAL OFF THE BANANA BOAT/BANANAS AND THE RIFLES NO CAMERAS IM JUST A MAN ALONE/
August 20th, 2008 at 2:32 pm
Officer Ross is a funny dude…he’ll get out of it…he just needs to quit being careless
August 20th, 2008 at 2:47 pm
Imagine whats gonna happen to soulja boy blowing his nose with a US $100 bill that is loosing value by the millisecond. And he is not an international Phenom. The rest of the world isnt as flattered by flashy ignorance as America. So then what. At least dame has a brain in his head he’ll bounce back.
August 20th, 2008 at 2:48 pm
And dont compare him to Jay-Z ever. He’s not as smart as Hov thats why he had to part with Hov.
August 20th, 2008 at 2:54 pm
Wow things fall apart. This is a arrogant ass nigga though he probably did alot of brothers shady. And you know what they say what goes around comes around. But he’s a smart cat he will always have money. But not jay z money.
August 20th, 2008 at 3:54 pm
the more i see this stuff the more i beleive that jayz sold his sold to the devil..he has the baddest femal in the world and she got her own money everyone dat disses him there career eventually fizzles out and he has so much sucess and then he has legions of stans..this is a recession the music business is at a standdtill and he gets a 150mill record deal..it doesnt add up..he is havin heaven on earth will his wings still fit him/
August 20th, 2008 at 5:26 pm
@ #15 “mateo”, lets not be blashphemous here my nigga
Sold his soul to the Devil? Necro please. He did anything but that. He must’ve done the opppsite. A good sheppard takes care of his sheep, and as u mentioned, it looks like he’s being taken care of. If Karma is a factor, then Jay been doing something right for quite some time. BUT FUCK THAT, THIS AINT ABOUT JAY.
If Karma is involved, Dame mustve copped a squat on nuff niggas and fed them Feces on Flatbread cause he’s getting it back in SPADES. I still got love for Dame, just wish he’d get on his Harlem Hustle, CORRECTLY.
August 20th, 2008 at 5:45 pm
It doesn’t like its got much to do wit karma, more like a case of not knowin how to manage your money….If you spend more than you make you’re bound to MC Hammer urself…why be a multi-millionaire payin a $78K mortgage???? When the money slows up the Bank still wants theirs, ease off the Ice and Bently’s and buy ur house str8 up, at least you’ll have somewhere to live n you won’t have to move in a apartment next door to Tyson….
August 20th, 2008 at 8:40 pm
Wow a 78k mortgage that i rediculous
August 21st, 2008 at 1:23 am
People allegedly from Dame’s camp contacted Natasha from the YBF and this is a synopsis written by her of what they told her…
But sources close to the Dash camp tell TheYBF.com that Dame hasn’t been the true owner of those apartments in years, nor has he lived in them in years. They also say his money is far from funny. While he holds the deeds to the places in name, it was actually the unnamed management company of the apartments who haven’t been paying on time. Dame didn’t even know about the issue until this ish hit the fan. And seeing that he owns 5 residences, 3 of which are in New York and the ones he actually resides in are doing just fine, it looks like the money issues may not be his per se. And the Dash name was possibly just used by the bank to bring attention to the matter. Time will tell…