SunTrust Bank moved earlier this month to foreclose on his $10 million dollar Miami home. Storch had been loaned $7.75 million from the bank so he could purchase his 10-bed, 16-bath mansion on Miami's exclusive Palm Island.
One problem, he hasn't made mortgage payments for most of 2008, even after borrowing another $170,000 from his friends.
Court documents also state his home has been liened by an electric company for $11,215 and $17,151 for a state-of-the-art security system.
Over the past month, Storch has lost his Ferrari Scaglietti and his Bones Bike to repossesion.
AND it seems to be his biggest claim to fame was working with Paris Hilton and Brooke Hogan on their defunct albums.
If only he could have lived more modest and used some of his extra cash to benefit a charity for the goodness of others...PLEASE!!!
When I called Scott this afternoon he said, "no comment."
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