The foreclosure news seems to keep coming. We saw a couple over the weekend and this morning the NY Post revealed
that 1980s rapper Doug E. Fresh is facing not one but three three foreclosure actions possible foreclosures from banks looking for more than $3.5 million in unpaid mortgages on three of his Harlem homes. He also owes American Express nearly $60,000 in credit-card debt and is facing a tax lien of $367,000 from the IRS and more than $40,000 from the state of New York tax collector. He grew up in Harlem and invested in local real estate but according to a foreclosure suit filed in Manhattan in late August, 2008, he now owes more than $1.73 million. Meanwhile he is planning to open a restaurant in Harlem, Doug E's Chicken and Waffles in 2009.