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Hip-Hop Mogul Damon Dash Facing Foreclosure
Celebrity Foreclosures
Roc-a-Fella Records co-founder Damon Dash and his famous fashion-designer wife, Rachel Roy, may be facing foreclosure on two properties in Tribeca. It's a shame that Dash and his former partner Jay-Z had a falling out, because he could probably use some help from his onetime colleague. Maybe Kanye West will come to his aid.NYP: Not even hip-hop moguls are immune to the mortgage-foreclosure crisis.
Eastern Savings Bank has filed suit against entrepreneur Damon Dash, charging the Roc-a-Fella Records co-founder hasn't made a payment on his $78,504.20-a-month mortgage since January.
"YOU ARE IN DANGER OF LOSING YOUR HOME," reads the foreclosure action against Dash and wife Rachel Roy.
The $7.3 million mortgage was actually taken on two TriBeCa properties the couple owns, at 25 N. Moore St. and at 79 Laight St.
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