TMZ reports, Scott Storch – the former music producer for Britney Spears, 50 Cent and Mariah Carey continues his legendary fall from grace — and has lost his massive Miami Mansion.
SunTrust Bank recently took back ownership of the home Storch defaulted on last July — by buying it back at an auction on Friday for $5.5 million.
The 10-bedroom, 16-bath home was valued at around $7 million.
The bank had been trying to foreclose
on Storch for months, but couldn’t because he had declared for bankruptcy (it was recently dismissed).