ROCKSTAR ENERGY DRINK CEO BUY SCOTT STORCH'S FORCLOSURE HOME.

Over the past couple years we touched on the rise and fall of music producer Scott Storch. His Miami home was eventually foreclosed on as
part of his financial meltdown. Now Russ Weiner, the CEO of Rockstar
Energy drink has announced that he is the new owner of Villa Ferrari,
Storch’s former 20,000 square foot home on Palm Island. The mansion has
a 100 foot boat dock, 11 bedrooms, 15 bathrooms, 3 guest houses and two
pools. Last summer we learned that after Storch declared bankruptcy,
SunTrust bank, which held two mortgages worth a combined $7.75 million
against the property, bought the property back at auction on for $5.5
million. Storch had bought the home for $10.5 million but it had been
listed for $13.9 million. Alex Shay found that SunTrust sold the
property to Weiner Russell Trust for $6.75 million. According to Shay
the house was, like many homes that have gone through a prolonged
foreclosure, not in great shape and that renovation is needed.