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Although Scott Storch has reportedly gotten back on the financial straight and narrow as well as signed a reality TV show deal apparently it is all not enough to save him from going homeless. TMZ reports the following:
The former music producer for Britney Spears, 50 Cent and Mariah Carey continues his legendary fall from grace — Scott Storch has lost his massive Miami Mansion.
SunTrust Bank took back ownership of the home Storch defaulted on last July, buying it back at an auction on Friday for $5.5 million. The 10-bedroom, 16-bath home was valued at around $7 million.
The bank had been trying to foreclose on Storch for months, but couldn’t because he had declared for bankruptcy (it was recently dismissed).
So yes, Scott Storch, former multi-millionaire is now homeless. It’s quite sad to see but at least he can just live on his yacht. Wait. He can’t. The bank took that too. I see his reality show with a new twist…living at home with his parents.
Living at home with your parents? I should get a reality show!
If it was anyone else I would feel bad but it’s Scott Storch. He stands for everything wrong as a stuck up Jewish kid making it in hip-hop. If he wasnt so got dayam cocky it would be a sad story, but instead people love his failure.
The bigger they are, the harder they fall.
It seems almost unfathomable that someone can fall so far so fast. It just shows you how important it is to know the value of the money. Storch got his money really just having fun, producing records is work but its a nice work to be in. When you haven’t really earned your money through hard work, its so much easier to lose it. Just ask any lottery winner.
I wouldn’t doubt it if he makes a comeback though. If he really is as smart as he think he is, he’ll be back. Hopefully then he’ll have learned his lesson and exercise a little tiny bit of financial responsibility. I’m not asking for a whole lot, because I know that would be asking for too much.
At least he’s got the world of reality television to fall back on, ain’t that right Stephen Baldwin.
Check out my blog on Scott Storch’s situation at… http://www.thedebtgazette.com/2009/08/scottstorch/
Hes A Human Being. Hes Living It Exactly How Any Of You Other Guys Would If You Had Millions, You Just Don’t Know Yourselfs Yet…And If You Haven’t Been To Miami Yet…Welcome
Actually E-rod, he’s quite a nice guy and not stuck up at all. I assume money, fame and the hip hop game is what turned him into a materialistic nightmare. It’s funny because him and his fiance and his toddler and teen son would come into where I work alot. When I first saw them get out of the phantom rolls royce, I thought the same thing “What a pack of a-holes” but he was actually really shy, humble and appreciative of anyone who complimented his talents. His kids were nice and respectable as well. He didn’t like to be fussed over much either but he wanted only the best for his kids but that’s understandable. Anyway, he was a nice person and his fiance was very sweet too. It’s pretty sad but actually, I heard that without all the loot, he’s happier. I hope that’s the case because even with him being rich at that time, he always looked lost.
making records is not hard work? what are you an idiot? this guy spends 20 out of 24 hours a day slaving away with hardly any sleep behind a console. no thats not fun work, get a clue
[...] meltdown has been pretty well covered here at WoooHa as he has lost everything from his studio, house, boat…you name it. I guess that’s what happens when you spend a reported $3 million a [...]