I wonder if mega hip hop producer Scott Storch will get to take advantage of the recent housing bill? Looks like his $10 million dollar crib is headed to foreclosure. Let me guess, he is blaming it on an adjustable rate mortgage. Better yet, it is the mortgage broker’s fault.
http://www.rushprnews.com/2008/07/25/scott-storchs-10-million-mansion-facing-foreclosure/
Well celeb or no-celeb when the bad times come the only rule that apply is dont stretch ur expenses more than your income. So if you follow this principle you will never have to face a foreclosure or bad debt.