![]() Mon, Nov 23, 2009
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CELEB FORECLOSURE BUG HITS DOUG E. FRESH: Rapper also said to owe American Express and the IRS.(December 17, 2008)
*Old school rapper Doug E. Fresh is reportedly broke and in danger of losing three houses in Harlem after owing more than $3.5 million in unpaid mortgages. The 46-year-old artist, according to the New York Post, is also "being chased by American Express for nearly $60,000 in credit-card debt, and the IRS just slapped him with a $367,000 tax lien on top of more than $40,000 owed to the state tax collector, records show." The rapper, whose real name is Douglas Davis, grew up in Harlem and eventually invested in local real estate. 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. Doug E. Fresh, meanwhile, is said to be completing work on Doug E's Chicken and Waffles, a new Harlem restaurant slated to open next month.
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