"NEW YORK: 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."
http://www.iht.com/articles/ap/2008/08/19/arts/NA-US-Damon-Dash.php
Anyone who earns eight(maybe 9) figures in their lifetime and has their house foreclosed is a loser with a capital L!
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