Monday, July 13, 2009

Money & Business

The Home Front by Alex Markels

Doug E. Fresh: Rapper Facing Foreclosure

December 15, 2008 03:57 PM ET | Luke Mullins | Permanent Link | Print

The recent wave of celebrity housing problems has ensnared another high-profile victim: Rapper Doug E. Fresh.

From the New York Post:

Rap icon Doug E. Fresh - best known for his '80s hit "The Show" - has been socked with three foreclosure actions by banks looking to collect more than $3.5 million in unpaid mortgages on a trio of his Harlem homes…

The golden-voiced rapper, whose real name is Douglas Davis, grew up in Harlem. After his skill at vocally imitating drumbeats and percussion sounds made him famous in the 1980s, he stayed in the neighborhood, investing in local real estate and raising five sons.

He fell behind in payments and, according to a foreclosure suit filed in Manhattan in late August, 2008, he now owes more than $1.73 million.

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Reader Comments

Your heart is good

Dear Doug, if you or anyone else gets this to relay to you.

My love is still there for you and your family, and I wish all success in clearng this up.

Don't feel obligated to the ones who have soaked up your money.

TAKE YOUR WINS AND Run!

Love to all, especially J and Ch. Don't believe what you've been told.

Miss Olivia

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Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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