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NEWS: Scott Storch Officially Loses Miami Mansion In Foreclosure

Release Date >> August 25, 2009 More In >> News
 
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cott Storch tried to hold on to his Miami mansion, after going through financial and personal problems the past few years. But, he has finally lost it.

TMZ reports: The former music producer for Britney Spears, 50 Cent and Mariah Carey continues his legendary fall from grace — Scott Storch has lost his massive Miami Mansion.

SunTrust Bank took back ownership of the home Storch defaulted on last July, buying it back at an auction on Friday for $5.5 million.

The 10-bedroom, 16-bath home was valued at around $7 million.

The bank had been trying to foreclose
on Storch for months, but couldn’t because he had declared for bankruptcy (it was recently dismissed).

Last we heard, Scotty had signed a deal for his own reality series. However, we’re unsure where he’s at with the project.

Stay tuned for updates.

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