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Scott Storch Officially Has Florida Mansion Repossed By Bank

Cash-strapped music producer Scott Storch has lost his longrunning battle to save his Florida mansion from repossession. The star hit the headlines earlier this year after he missed payments on his massive Miami, Florida home.
Storch defaulted on the 10-bedroom property last July (08), but staved off foreclosure after he was declared bankrupt.
The bankruptcy order has now been dismissed and the SunTrust Bank bought the property back at auction on Friday (21Aug09) for $5.5 million - $1.5 million less than its estimated value, according to TMZ.com
Storch, 35, who also fell behind with his child support payments, recently opened up about his financial worries, blaming his money situation on a drug habit that saw him blow his multi-million dollar fortune on cocaine.

Courtesy Of: ContactMusic

Tags: florida, mansion, repossed, scott, storch

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Man stfu Comment by Man stfu on August 25, 2009 at 2:20pm
it don't work like that, just because you have rich friends it don't mean they are just going to GIVE you money. No one gives away money. There has to be something in it.
STRONGARMX Comment by STRONGARMX on August 25, 2009 at 1:49pm
WHITE BOY TRYING TO STUNT TO HARD. BUYING LITTLE KIM A BENTLEY WAS A BAD MOVE.
EM BLACK Comment by EM BLACK on August 25, 2009 at 1:46pm
DUMB ASS NIGGA!!!!!!!NEW YORK STAND UP!!!!B.X. 183RD/169TH...ALLDAY....
darneezie Comment by darneezie on August 25, 2009 at 1:37pm
I stay awat from drugz fuck dat!!!
Dr. Doom Comment by Dr. Doom on August 25, 2009 at 1:35pm
Lesson # 2: Don't get high on your own supply. Didn't you learn anything from "Scarface"?
Walter P Baxter Comment by Walter P Baxter on August 25, 2009 at 12:58pm
drugs kill in many ways
CALI MACK Comment by CALI MACK on August 25, 2009 at 12:54pm
((( SUPER PRODUCER _ SCOTT SNORTS))
CALI MACK Comment by CALI MACK on August 25, 2009 at 12:53pm
How the fuck this nerd make all this money to pay house notes then he loose it. IF 50 WORK WITH HIM AND SO DO EM AND DRE. WHY DONT THEY GIVE HIM A FINANCIAL HAND.
BLAH! Comment by BLAH! on August 25, 2009 at 12:37pm
DAMMMM SCOTTY WUT HAPPENED!!???///// :'(
MRNITTY Comment by MRNITTY on August 25, 2009 at 12:34pm
You want to know what I had for Breakfast this morning? Cocaine.

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