Scott Storch Finally Loses His Miami Home

by Deidre Woollard (RSS feed)
Aug 25th 2009 at 10:02PM

Once upon a time music producer Scott Storch was once said to be worth $70 million, money he earned by producing records for Christina Aguilera, Brooke Hogan and Beyonce among others. But Storch's penchant for high living has gotten him in trouble. For the last year or so he's been struggling to hold on to his home on Miami's Palm Island. TMZ reports that the battle is at an end. Storch defaulted on the property last July but then declared bankruptcy. Now the bankruptcy order has been dismissed and SunTrust bank, which held two mortgages worth a combined $7.75 million against the property, bought the property back at auction on Friday for $5.5 million. Storch has said that he lost money during a period of time when he was addicted to cocaine and he went into rehab earlier this year.

Gallery: Celebrity Foreclosures

Jeana Keough from the Real Housewives of Orange County

Tags: miami, scott storch, ScottStorch

Filed under: Estates, Celebrity Shopping

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Reader Comments (Page 4 of 4)

LMARIE48 Aug 26th 2009 4:20PM

He got fame and fortune too young. He couldn't handle it. Welcome back to reality!

jen Aug 26th 2009 4:16PM

U know, people who are talking crap about him have obviously never met him. He used to come into my place of work all the time with his fiance and kids and they were all nothing but extremely nice people. So, yeah, they were extremely rich and he wore bling and came in a phantom but you know what??? He was nicer than most peopel who came in Honda Civics. He would take time to talk to anyone. WTF is wrong with people laughing at him and saying he deserves this? Does your mother deserve this? Or brother? No? Then STFU. Nobody deserves to spiral out of control on addiction especially not a nice person like Scott. Keep ya head up Scotty and fK all the haters. I miss them coming in. I hope he's okay.

rocqueal Aug 26th 2009 4:29PM

That's what he gets. Stupid idiot, I would love to have his money. I can't even find a job and lots of other people can't either, and this freaking dumb ass blows millions on drugs.

Dirty Logic Aug 26th 2009 4:48PM

Ha. You can't find a job, but you're sitting online replying to this message instead of filling out job applications. Who's the bigger idiot now? Loser.

Frank C Aug 26th 2009 4:51PM

FINALLY !!!.....I have read and agree with 99% of all the blogs posted here....If it looks like a duck,and walks like a duck,and quacks like a duck....Its a duck......Although,Im not sure he's as smart as duck....

merino320 Aug 26th 2009 5:32PM

What I want to know it's how he still has a nose.

Dan Stuart Aug 26th 2009 6:21PM

Some guys are really stupid and they think that they are smart enough to beat the system but they can't and they deserve to be thrown into the gutter where they belong and as far as aguilera and that other boob who think that they can sing they should be thrown into the gutter where they belong as well as a great many of the actors and actresses who are just as bad if not worse amd in person they are ugly--lucky that there are makeup artists

mildred Aug 26th 2009 6:00PM

Beyonce is the baddest chick alive. Christina is a helluva singer. Brooke, oh well, she and Carrie U have the same pathetic voices.
This guy has been blessed but foolishness blew it. Drugs addicts come in all colors.

Jonathan Mullen Aug 27th 2009 9:09AM

Odd but amusing bit of trivia and somewhat Ironic. Sun Trust has the reputation of having begun from drug money. Specifically from Cocaine. So Mr. "C" had this poor soul twice without a kiss or even a reach around. And Rehabs are fine and all. But what happens afterwards is what matters. I'm a firm believer in human salvage as I am one, but turning a life around run on self will takes time. Hope the kid makes it and losing the house is the smallest thing too btw.

kluj Aug 26th 2009 7:19PM

70 million is gone on cocain? think not! how bout maybe everyone just thought he was rich because of his evidently FINANCED charade. And the banks deserve the losses TOO!

island415girl Aug 26th 2009 7:30PM

I hope he learn his lesson, always put away for disaster anything could happen, someone sueig you, divorse but you can splurge on the weekend. Hey he earned it.
Thank You
SamoanGirl in San Francisco, CA

Beth Aug 26th 2009 7:39PM

How much cocaine do you use to lose 70 million? Judas Priest! That's a lot of blow! Wasn't he just on the E! show with the Kardashian sisters in Miami bragging about how good he was, how much money he had, and what a ladies' man he is?
Christina Aguilara has a great voice, but her latest records have been pretty trashy, and I'm not talking about lyrics, I'm talking about the quality of production, the writing, and the musicality. She's not even hitting top 40 any more. Brooke Hogan is a joke. The best thing she ever did was that split in her video. She can't sing, and she is over-produced and lip-syncs in every live performance. She'll be done soon, her reality show is the only thing she's got that is bringing in any cash, and it's limping along.
Storch needs to get his head together, start producing some decent records with great voices and maybe he'll get back on his feet. He is a prime example of what drugs do to your career and your judgement.
I don't feel sorry for him, he's just having to pay the piper.
Bethie

JEN Aug 27th 2009 12:10PM

NO, beth, he wasn't bragging about anything on the show if you listened. It was Khloe who said all that stuff about him not himself and what she said is all true. He did work with all those artists, he still sought after as a producer (currently working with TPAIN and LIL Wayne and Shakira) and he is a ladies man. You know, he really is a nice guy. I don't understand why there's so much hate on him really? The Kardashian's are shittier people than Scott and they get more love than him. LOL. People are so jealous and stupid.

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