The credit crisis is hitting everyone!
Former Jay-Z bestie and Roc-A-Fella Records company co-founder Damon Dash and his wife, fashion designer Rachel Roy, are in jeopardy of losing two of their Manhattan apartments after failing to pay their hefty mortgages.
Their bank says in a court filing Dash and Roy owe $7.3 million on the two properties and have begun foreclosure proceedings.
Dash and Roy were supposed to make monthly payments of $78,500.
Crazy! One of their monthly payments is the entire price of a home (or at least a nice condo) in some parts!
Yikes!
Too bad Dash isn’t pals with filthy rich Jay-Z anymore!
[Image via WENN.]