Luxist

Roc-A-Fella Records company co-founder Damon Dash and his wife, fashion designer Rachel Roy faced foreclosure over two of their Manhattan apartments in August of 2008. Eastern Savings Bank says the couple owe $7.3 million on the properties and were supposed to make hefty monthly payments of $78,500 but haven't done so since last January. Dash has a $100,000 federal tax lien on the properties and reportedly owes the city of New York $2 million in back taxes. Damon Dash is allegedly has a $50 million fortune amassed from his hip-hop empire. Nothing more has transpired so it is believed that Dash is now making the payments. 26/08/08