The former music producer for Britney Spears, 50 Cent and Mariah Carey continues his legendary fall from grace — Scott Storch has lost his massive Miami Mansion.
SunTrust Bank took back ownership of the home Storch defaulted on last July, 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).

We heard, Scott had signed a deal for his own reality series. However, we’ve heard nothing about it since and our experience with-in the entertainment industry is that it won’t be very profitable for some time after it launches. Assuming it is a hit (which we doubt)!

Do you still want to be in the entertainment business?

SOURCE