Looks like a predator mortgage broker took advantage of hip hop mogul Damon Dash and he might be headed to foreclosure. Sarcasm off. Damon Dash was Jay-Z’s business partner in forming Rocafella Records and the Rocawear clothing line. They had a pretty nasty break up a couple of years ago and with Jay-Z supposedly being worth well over $300 million and dating the “hottest chick in the game” it appears he got the upper hand.
Damon Dash’s mortgage is apparently $78,000 per month! I wonder if that was the minimum payment on the option ARM?
Given all the celeb foreclosures lately, maybe I will just make this a weekly feature.
