When The Checks Stop Coming In

Posted on July 24th, 2008 - By Bossip Staff

Categories: News, When The Checks Stop Coming In

Posted by Bossip Staff

As we mentioned earlier this week, Scott Storch is in deep. Not only has he been in hiding, but now his ass is about to be homeless:

Music producer Scott Storch is facing foreclosure on his $10 million Florida mansion, according to reports.

The Lean Back beatmaker is being chased by SunTrust Bank executives for outstanding payments on the home. According to the Palm Beach Post, Storch has failed to make monthly payments on the home for nearly a year.

The paper alleges in addition to the bank, an electric company and security system are after Storch and have put a lien on the house in an effort to settle outstanding payments. Storch was recently alleged to have fallen two years behind on property taxes amounting to $511,839 for the Miami Beach mansion.

His situation is all jacked up. Hopefully ole Scottie can hold on to at least one of his rides so he can have a place to sleep at night. SMH.

Source

  • don’tthinkso

    i don’t give two shyts about scott storch, i just wanna try out my new avy.

  • don’tthinkso

    apparently no one else does either

  • Earth Sign {Its time for a Revolution)

    Get in the studio fool. Even if you gotta make some beats in a ghetto a** studio in MIA. Or tell a record company you would make beats for free to settle your debts. LOL

  • http://WWW.MYSPACE.COM/JORDANBEATS DJ PLATNUM

    LIKE MC BREED SAID “Ain’t No Future in Yo Frontin’”

  • Color Me Beauty

    I didn’t even know who this dude was until all this talk of him having financial troubles hit the web

  • Color Me Beauty

    *wonders why my gravy refuses to show*

  • Taz

    What a dumbazz!! How the hell u got a Bugatti Veyron, a million plus dollar car, and behind on your bills?!!!? See, it isn’t just these silly wannabe thug rappers who go out and blow money on frivolous cars and stuff they can’t afford!!! This cat was on MTV Cribs and all showing off what he’s got. Must’ve all been rented; that’s what they do in MIA just to “fake it to make it” and carry on this facade. Wow!, Timbaland called it right! This cat ain’t ’bout his business and definitely ain’t on his J-O!

  • ILLUMINATITHEPRINCE

    scott storch is gonna blow his brains out in the next 3 months watch

  • CHRISSY

    IT’S HARD TO FEEL SORRY FOR THESE FOOLS BECAUSE HE DIDN’T HAVE TO BUY A TEN MILLION DOLLAR HOUSE, BECAUSE IN FLORIDA A 1 MILLION DOLLAR HOUSE IS A LOVELY HOUSE AND HE COULD HAVE PUT THE OTHER 9 MILLIONS IN THE BANK FOR A RAINY DAY..SO I CANNOT FEEL SORRY FOR THESE FOOLS. AND LOOK AT HOW MANY CARS HE OWNS. ALL YOU NEED IS TWO CARS A TRUCK AND A CAR THAT’S IT.

    MAYBE HE SHOULD CALL ON FAT JOE, RICK ROSS, AND THE REST OF THEM TO BAIL HIM OUT..LETS SEE WHERE HIS REAL FRIENDS ARE..

  • Aunt Viv

    Foxy Brown will be joining this category soon.

  • CHRISSY

    I MEAN A SIX HUNDRED THOUSAND DOLLAR HOUSE IN FLORIDA IS NICE, THERE’S NO NEED FOR YOU TO BUY A 10 MILLION DOLLAR HOUSE…YOU HAVE TO PAY THE TAXES, WATER BILL, ELECTRICITY FOR SUCH A MASSIVE HOUSE AND UPKEEP ON A TEN MILLION DOLLAR HOUSE IS ALOT….

  • FURIOUZ STYLEZ

    NOT TO SOUND HARSH, BUT HE DESERVES ALL THE MISFORTUNES HE GETS FOR BEING A LATE ON BILLS, A COKE HEAD AND DEADBEAT DAD

    IF HE WOULD’VE STOPPED SNORTING LONG TIME AGO HE’D BE MORE IN CONTROL OF HIS RESPONSIBILTIES AND I PRAY I NEVER BECOME THAT WAY WHEN I MAKE IT BIG AS AN R&B/HIP-HOP PRODUCER

  • 2cute4u♥♥♥ (still love my honeybun nose-TONY!) less than 24hrs til my birthday!

    Thats effed up…(silence)

  • JorgeOoOoOo

    He should be able to clear his situation up some. #1 he needs to get back in the studio and sell some beats, I will take one of them joints for a grand. #2 like he was doing with his boat he needs to do with that Bugatti and old school Rolls Royce; sell them!

    Bam just like that hes out of debt or atleast not homeless.

  • CJ

    He must of thought he was gonna live the rest of his life off of “Lean Back” by fat Joe. What an idiot! Maybe Rick Ross can get him a job as a correctional officer down their to pay off his debts LOL!!!!

  • DR.FUNK

    Wrong on so many levels.

    What was he thinkin’.He WAS’NT

    TEN PERCENT RULE:

    The yearly upkeep on a BIG TICKET item is usually ’bout 10% of purchase price.This means a 10ticket pad will run you ’round 1ticket a year in maintenance & taxes.Same thing with a YACHT…PLANE…CHIK.Actually the upkeep on a chik is OPEN-ENDED if you marry her.

  • WhatsYoursIsMine

    @Taz-

    I’ve been reading about how our current economy is hurting “the rich”. They’ll have all the assets in the world, and no savings. There’s still an increase in the purchase of luxury cars, homes, and goods. When the individuals that make these purchases are surveyed, the majority have incomes that fall within the 300k to 500k bracket, and out of that group, less than 30% have adequate savings to maintain that lifestyle should they stop working. Prime example.

  • RU$$

    No only Black Men blow their wealth. :)

  • Nothing Nice

    This will be Lil Wayne, Fabulous, Rick Ross, Hurricane Chris and all the rest of these poser in the industry.. always tryin to floss w/ NO regard for their financial longevity!!

    silly ass rabbit!

  • BellaY

    How tragic!!! I hope he will someday be able to forgive himself for being so stupid.

  • Mandah? chocolate raaaain!

    @CJ

    He must of thought he was gonna live the rest of his life off of “Lean Back” by fat Joe. What an idiot! Maybe Rick Ross can get him a job as a correctional officer down their to pay off his debts LOL!!!!

    —————————————–

    ***3 diffrent kinds of dead!****

  • Mandah? chocolate raaaain!

    psh …when the checks stop comming in.. more like when they want the checks back, wit interest lol!

  • Shavon Denise

    He brought that on himself by leaving his hip hop roots and starting to produce clowns like Brooke Hogan and Paris Hilton. In this music climate where GREAT artist struggle going platinum that wasnt a great move. Its sad because he is a good producer and made alot of money but he didnt get that real talent prevails over everything. Storch didnt take real pride and integrity into his artform. Hey Timbaland, J.D. & Dr. Dre might do a track for Paris Hilton but they not gonna waste time in money up in the studio with the talentless broad.

  • http://www.myspace.com/msmaleah Sunny

    ^^^ lol

    sad

  • Ugly in Los Angeles

    WOW! What the hell did he do with his money?

  • http://guidelive.com Soulwriter

    Wow…”money DOES show what you really are,” and in his case, he’s a pretentious, self-absorbed and materialistic @$$hole. Swallow some humble pie and man up, Storch. BTW, Britney’s looking for new tracks since Ne-Yo ain’t on board no more, holla at her camp….

  • Greatestloveofall

    I wonder why he aint been around lately. He just aint in-demand no more!

  • http://lovingmeans@aol.com 1TruDivaw/The PlatinumVocals– saw who bought the old Miller place…in spite of what happened. And YES, they DO have crabgrass!!!

    LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Idiot!

    Even the dullest crayon in the box would know you secure your place of rest BEFORE buying a slew of whips!!!

    Again, Idiot!

  • Southerntech

    I dont feel sorry for the guy, the amount of money he had he could’ve lived a very comfortable for the rest of his life.It’s amazing looking at that picture and what Storch had, and now he has nothing.

  • FURIOUZ STYLEZ

    NEVER HEARD OF A BROKE JEW BEFORE–LOOKS LIKE SCOTTIE GOT BEAMED THE FUC UP

  • I’m Just Me (JOSH ALLEN’S # 1 STAN!!! GO JOSHIE, GO JOSHIE)

    WHAT UP DIVA

  • I’m Just Me (JOSH ALLEN’S # 1 STAN!!! GO JOSHIE, GO JOSHIE)

    Daxn Scott yous scorched rigth about now. Them ban execs are about to make you lean back.

  • Koi Norelle

    This is messed up. Let this be a lesson to people who are striving after material things: All that glitter ain’t gold. The more you have- the more bills you have along with it. Keep your eye simple. It’s ok to enjoy nice things but don’t put your everything into pursuing material things that can rot, be wiped out in a storm, stolen, reposessed or in some cases- can jeopardize your life.

  • Its6amHoGetOut

    You people are so mean.

  • Its6amHoGetOut

    Im lookin’ at $3 million worth of cars in front of that mansion.

  • http://lovingmeans@aol.com 1TruDivaw/The PlatinumVocals– saw who bought the old Miller place…in spite of what happened. And YES, they DO have crabgrass!!!

    I’m just me–

    Hey cyberbuddy!

    I popped in and popped back out! I keep telling you hit me up via e-mail ’cause I hate to keep missing you!

    See Ya!

  • http://lovingmeans@aol.com 1TruDivaw/The PlatinumVocals– saw who bought the old Miller place…in spite of what happened. And YES, they DO have crabgrass!!!

    If you’re on in the morning tell Suga to give it to ya!

  • Its6amHoGetOut

    Maybe Lil Kim could loan him a few “sheckles” (get it? SHECKLES? Jewish money!)

  • Its6amHoGetOut

    Oh well

  • http://aol Shaqwandalinah

    WTF ! THIS CLOWN HAD CARS WORTH MILLIONS !!! DONT PEOPLE KNOW THAT A CAR IS THE WORST INVESTMENT ONE CAN EVER MAKE ? IT DEPRECIATES THE SECOND YOU DRIVE IT OUT OF THE LOT ! WE SPEND TOO MUCH ON MATERIALISTIC THINGS SNEAKERS AND ELECTRONICS AMONG OTHERS !

    WISE UP MY PEOPLE………ITS ROUGH OUT THERE

  • maddzzu (Home of Da Scandalous BIG BAD LOS ANGELES!!!) .

    I think we ve seen this movie already. He goes broke. Turns into a pastor n confesses he never really liked hip hop in the first place. BOOOOOOOOOOO !!!

  • terry

    he bit off more than he could chew.

  • cici

    we are reading a lot of fake news these days. Did you remember the news about Britney’s pregnancy, Lindsay’s joining on the famous rich men seeking affairs site W e a l t h y L o v e s c om? Is this news true or not? who knows…

  • me

    i cant stand all these celebs with millions, then they are broke. Dont spend what u dont have. He could of bought a big nice house for much less. BUT no they buy these big ass houses with mortgages and crap and thn they r broke.

    PLUS wat does he need with all those expensive cars! theres nothing wrong with getting loads of cars, if u cud afford it. But now he’s stuck with all these cars, which depreciate as soon as you buy it.

    WAT a dumbass

  • Hate Wiggers

    Looks like another f*cking wigger! Can’t stand these traitor motherf*ckers!

  • black woman

    oh man this is such such such bad news i feel so sorry for him! i wish him the best luck ever man please get it together for me. i cant stand to see a white man broke i rather see a black man broke before a white man.

  • http://www.jay-ja.com Jayla James

    Only the ones that make the money.

    http://www.jay-ja.com

  • OneStep

    All that money that had and he never got anything done about that face and lazy eye…….

    That is the REAL travesty!

  • A Pimp Named Slickback

    PAY ATTENTION RAPPERS/PRODUCERS!! Get your REAL business/investment swag ON LOCK!!!

  • http://www.myspace.com/magnifico1 YAHH!! TRICK!! YAHHHHH!!!

    wehat

  • http://hotelnewyorks.com Garrison Tyler

    I’ll tell u this – i wonder how my partner would handle it

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