When The Checks Stop Coming In

- By Bossip Staff

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.

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Comments

  • 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?

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