Mon, Nov 23, 2009
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Name:
MOTHERSHIP
Comment: He ain't look that broke to me the other day when I saw him.
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Name:
adifferentpath
Comment: maybe Doug is jus sayin' f*%$ taxes and all dat! Word! He's just moving right along! Chicken and waffles....hmmm...welp, going to get some breakfast...
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Name:
MOTHERSHIP
Comment: Adiff, basically.
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Name:
McNasty
Comment: What? is he going to live in the waffle house? I wonder why these folks don't project more realistically and sell before it gets to foreclosure. Business manager or no too many before him have lost their shirts to continue to rely on the sole voice of a manager. His credit card debt ain't no joke either cause if he owes that much he's paying over 20% interest on it no matter who he was!
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Name:
Disillusioned_Jones
Comment: I'm a big Doug E. fan and found this news tragic. But what I don't understand is with all his financial problems how is he STILL opeining up business ventures? Do you know how hard it is to get a start-up loan nowadays? And to have jacked up credit at that?
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Name:
HarrisThomas
Comment: D_J, like you, I don't understand how the man with jacked up credit is fronting a new enterprise: maybe the answer is in "Idiots Guide to Foreclosure"
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Name:
Teigh
Comment: He's been opening up that spot for about 3 years now....we don't need another Chicken & waffle spot in Harlem...his ventures is located about 8 bloacks from an existing one. Wonder what's up with his properties in Yonkers and what this sounds like is a credit crunch. He is no longer able to get loans against his property...ourgith owned properties or financed, re-financed properties.
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Name:
TGen
Comment: I don't get it. Do people not see this coming waaay down the line? Why wait til you go into foreclosure to start manuevering your azzets around, start selling some ish off? I don't get this at all. And not just in terms of celebrities, I mean everyone.
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Name:
DOne
Comment: I wonder if his investments was residential or commerical. It seems a lot of celebrities tend to invest in homes, but an empty house doesn't create revenue, unlike rental properties which should at least generate enough to over the costs.
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Name:
adifferentpath
Comment: DOne, great question. Put some people in those properties, or flip 'em. Welp, I raise my Bailey's Caramel and hot cocoa china teacup to Doug for making me feel real nice, shyyyt, my debt is little in comparison AND I'm paying my shyt off. ANd inspiring me to look into opening a little watering hole....
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Name:
TMan
Comment: Doug E Fresh I have seen in many interviews. He seems like his financial house would be in order. He is smarter than that but I know we all human so anything is possible. Hopefully with this new administration coming in, he will be able to recover on all fronts.
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Name:
6footah
Comment: very sad.
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Name:
Big10
Comment: Tomorrow there will be another article saying this is just a "misunderstanding". Notice the next day's explanations after the initial foreclosure stories comes out? Go back and look at previous articles Evander, NeNe, T Boz, Fantasia, etc. This sh!t is getting old.
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Name:
Teigh
Comment: Doug E owns a few brownstones in Harlem (he also has a very large family so not really sure if these are rental properties or family use) He also has a club and I think a studio in Yonkers. The chicken & waffle spot is commercial and has yet to open and it's been like 3 years now. What I found fascinating is that a few years ago a Scientology center opened in Harlem. somehow I got on the mailing list and guess who is selling Scientology "cleanses"...Doug E. Fresh!
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Name:
lilmocc
Comment: WTH is a Scientology "cleanse"? LOL
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Name:
Angel
Comment: McNasty - In this market, people, in a lot of cases, CAN'T sell their homes for what they owe on them AND banks ain't giving out money right now to people who want to buy. That is why the foreclosure rate right now is ridiculous. My friend's house has been on the market for almost a year and the few offers she's gotten have been at least $30K below what she currently owes....and she doesn't have $30K to pay the difference...
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Name:
ladybyrd
Comment: You know what??? I can watch old school Hip Hop artist all day. Doug E. Fresh sound as good today as he did then. Which is why I love VH1 Hip Hop Honors. I love Doug E flow.
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Name:
bigchassie
Comment: LIMMOCC>Is that like everclense, or something?
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Name:
ladybyrd
Comment: Angel> Banks are accepting what called a "short sale". If your friend contacts the Bank/Mortgage company would they except a short sale, they will give her an amount that they are willing to take, guaranteed. Banks/Mortgage companies don't want these propertise back, because they don't want to pay for upkeep or selling them, period.
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Name:
Angel
Comment: ladybyrd - She's current on her payments, so basically the bank won't negotiate. She doesn't want to mess up her credit by not paying in order to get the bank to work with her so she's just holding on...
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Name:
TMan
Comment: Teigh, very interesting, I heard that about Doug E too with the Scientology.
Remember "Oh, Oh, Oh My God. Is He Real?" That line caused a lot of controversary back in the day.
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Name:
TesticAl
Comment: Six minutes...six minutes...six minutes Doug E Fresh, you're on.
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Name:
ladybyrd
Comment: TesticAl> I love that... Dougie is the man!
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Name:
ladybyrd
Comment: Angel> You don't have to be behind in order to do a short sale.
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Name:
tizzo
Comment: He's one of the pioneers of hip hop.I know there is an angel investor that will help , right?
take over his %*$ets and show him how its done if you have to.
If Ed McMahon has friends to help out I know doug must
sign
preserve our own
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