Looks like another high-profile figure has fallen into foreclosure. This time it's Damon Dash, the cofounder of Roc-A-Fella Records and the former business partner of rap superstar Jay-Z.
From the Associated Press:
Roc-A-Fella Records company co-founder Damon Dash and his wife are in jeopardy of losing two of their Manhattan apartments after apparently failing to pay their hefty mortgages.
The bank holding the mortgages says in a court filing Dash and Rachel Roy owe $7.3 million on the properties and it has begun foreclosure proceedings.
Eastern Savings Bank says Dash and Roy were supposed to make monthly payments of $78,500.
Efforts to contact Dash's lawyer and publicist by phone and e-mail have been unsuccessful.
Dash is the estranged business partner of rapper Jay-Z.
The bank's court papers were filed Monday.
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dawnvilla of KS 3:02PM December 13, 2009