By DAREH GREGORIAN
Posted: 3:52 am
August 20, 2008
Not even hip-hop moguls are immune to the mortgage-foreclosure crisis.
Eastern Savings Bank has filed suit against entrepreneur Damon Dash, charging the Roc-a-Fella Records co-founder hasn't made a payment on his $78,504.20-a-month mortgage since January.
"YOU ARE IN DANGER OF LOSING YOUR HOME," reads the foreclosure action against Dash and wife Rachel Roy.
The $7.3 million mortgage was actually taken on two TriBeCa properties the couple owns, at 25 N. Moore St. and at 79 Laight St.
A rep for Dash did not return a call and e-mail for comment. The clothing big has been besieged by debtors in the past year, despite having an estimated $50 million fortune.
The Post reported last year that he owed the city $2 million in back taxes, and the mortgage suit says he has $100,000 in federal tax liens against his properties.
